H.R. 2987, also known as the “Capping Excessive Awarding of SBLC Entrants Act” or the “CEASE Act,” proposes an amendment to the Small Business Act. This bill seeks to limit the number of small business lending companies that can provide loans to small businesses under section 7 of the Act....
Simple Explanation
The CEASE Act wants to change the rules so that only a certain number of companies can give money to small businesses to help them grow. It says no more than 16 companies that are not charities can give out loans at the same time, to keep things fair and not too crowded.