| 1 | 1 | | I |
|---|
| 2 | 2 | | 119THCONGRESS |
|---|
| 3 | 3 | | 1 |
|---|
| 4 | 4 | | STSESSION H. R. 2987 |
|---|
| 5 | 5 | | To amend the Small Business Act to require a limit on the number of |
|---|
| 6 | 6 | | small business lending companies, and for other purposes. |
|---|
| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
|---|
| 8 | 8 | | APRIL24, 2025 |
|---|
| 9 | 9 | | Mr. B |
|---|
| 10 | 10 | | RESNAHANintroduced the following bill; which was referred to the |
|---|
| 11 | 11 | | Committee on Small Business |
|---|
| 12 | 12 | | A BILL |
|---|
| 13 | 13 | | To amend the Small Business Act to require a limit on |
|---|
| 14 | 14 | | the number of small business lending companies, and |
|---|
| 15 | 15 | | for other purposes. |
|---|
| 16 | 16 | | Be it enacted by the Senate and House of Representa-1 |
|---|
| 17 | 17 | | tives of the United States of America in Congress assembled, 2 |
|---|
| 18 | 18 | | SECTION 1. SHORT TITLE. 3 |
|---|
| 19 | 19 | | This Act may be cited as the ‘‘Capping Excessive 4 |
|---|
| 20 | 20 | | Awarding of SBLC Entrants Act’’ or the ‘‘CEASE Act’’. 5 |
|---|
| 21 | 21 | | SEC. 2. LIMITATION ON NUMBER OF SMALL BUSINESS 6 |
|---|
| 22 | 22 | | LENDING COMPANIES. 7 |
|---|
| 23 | 23 | | Section 23 of the Small Business Act (15 U.S.C. 650) 8 |
|---|
| 24 | 24 | | is amended by adding at the end the following: 9 |
|---|
| 25 | 25 | | VerDate Sep 11 2014 22:16 Apr 24, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2987.IH H2987 |
|---|
| 26 | 26 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
|---|
| 27 | 27 | | •HR 2987 IH |
|---|
| 28 | 28 | | ‘‘(k) LIMITATION ONNUMBER OFSMALLBUSINESS 1 |
|---|
| 29 | 29 | | L |
|---|
| 30 | 30 | | ENDINGCOMPANIES.—The Administrator shall ensure 2 |
|---|
| 31 | 31 | | that not more than 16 small business lending companies 3 |
|---|
| 32 | 32 | | that are not nonprofit entities are authorized to make 4 |
|---|
| 33 | 33 | | loans under section 7 at any time.’’. 5 |
|---|
| 34 | 34 | | Æ |
|---|
| 35 | 35 | | VerDate Sep 11 2014 22:16 Apr 24, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H2987.IH H2987 |
|---|
| 36 | 36 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
|---|