CEASE Act of 2025 in plain language
1: Short title
This section would give the Act the short title "Capping Excessive Awarding of SBLC Entrants Act," also called the "CEASE Act."
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1. Short title This Act may be cited as the Capping Excessive Awarding of SBLC Entrants Act or the CEASE Act .
2: Limitation on number of small business lending companies
This section would amend the Small Business Act to add a new rule capping how many small business lending companies (SBLCs) can operate at once. It would require the Administrator of the Small Business Administration to ensure that no more than 16 small business lending companies that are not nonprofit entities are authorized at any time to make loans under section 7 of the Small Business Act, which covers the SBA's general business loan programs.
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2. Limitation on number of small business lending companies Section 23 of the Small Business Act ( 15 U.S.C. 650 ) is amended by adding at the end the following: (k) Limitation on number of small business lending companies The Administrator shall ensure that not more than 16 small business lending companies that are not nonprofit entities are authorized to make loans under section 7 at any time. .