WASHINGTON— House Republican Conference Chairwoman Lisa McClain (R-Mich.) and Rep. Rob Bresnahan (R-Pa.) issued statements after the U.S. House of Representatives passed H.R. 2987, the Capping Excessive Awarding of SBLC Entrants (CEASE) Act.
Rep. Bresnahan’s bill limits the number of for-profit Small Business Lending Companies (SBLCs) licensed by the Small Business Administration (SBA) to 16, ensuring this critical program can support our small businesses long-term.
“We just passed legislation to protect taxpayer dollars and ensure that a vital financial lifeline for small businesses remains strong. This builds on our commitment in the ‘One Big Beautiful Bill Act’ to empower entrepreneurs,” Chairwoman McClain said. “Unfortunately, but not surprisingly, most Democrats voted against the bill. They would rather jeopardize the future of our small businesses than support legislation put forward by Republicans. The American people are keeping the receipts.”
“Small businesses deserve a reliable program that works for them, and that means keeping our community banks at the core of the system,” Rep. Bresnahan said. “President Trump and I agree, we shouldn’t be incentivizing fraud and abuse by flooding the program with risky, underregulated institutions. My legislation caps the number of non-bank SBLC licenses, ensuring taxpayer-backed guarantees are not handed out to lenders the SBA cannot properly oversee. I am proud to see my legislation passed today, and I look forward to working with my Senate colleagues to send the legislation to the White House.”
