To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes.
Legislative Progress
Passed HouseReceived; read twice and referred to the Committee on Small …
Passed House (inferred from eh version)
Reported with an amendment, committed to the Committee of the …
Mr. Bresnahan introduced the following bill; which was referred to …
On Passage
CEASE Act
On Motion to Recommit
CEASE Act
Summary
What This Bill Does
Amends the Small Business Act to cap the number of for-profit small business lending companies (SBLCs) authorized to make Section 7 loans at 16. Does not apply to nonprofit lenders.
Who Benefits and How
Existing SBLCs face limited competition. SBA gains regulatory control over SBLC market size.
Who Bears the Burden and How
Potential new for-profit SBLCs blocked from market entry. Small businesses may have fewer lending options.
Key Provisions
- Maximum 16 for-profit SBLCs authorized at any time
- Nonprofit SBLCs exempt from cap
- Applies to Section 7 loan authority
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Caps number of for-profit small business lending companies at 16
Policy Domains
Legislative Strategy
"Limit SBLC market competition"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_administrator"
- → SBA Administrator
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology