H.R.2987 — CEASE Act of 2025
House Roll Call
H.R.2987
| Bill | H.R.2987 — CEASE Act of 2025 |
|---|---|
| Vote question | On Motion to Recommit |
| Vote type | Yea-and-Nay |
| Result | Failed |
| Totals | Yea 201 / Nay 212 / Present 0 / Not Voting 19 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| R | 0 | 212 | 0 | 8 |
| D | 201 | 0 | 0 | 11 |
| I | 0 | 0 | 0 | 0 |
Research Brief
On Motion to Recommit
Bill Analysis
Bill Summary: HR 2987 - CEASE Act of 2025
The CEASE Act of 2025 aims to enhance economic opportunities for small businesses by providing targeted support for entrepreneurs in underserved communities. This legislation seeks to address systemic barriers faced by these businesses, promoting equitable access to resources and funding.
Key Provisions: The CEASE Act establishes a framework for the creation of a Small Business Equity Fund, which will be administered by the Small Business Administration (SBA). The Fund is designed to provide grants and low-interest loans to small businesses owned by individuals from historically marginalized groups, including women, minorities, and veterans. The bill outlines specific eligibility criteria for applicants, focusing on businesses with fewer than 500 employees that demonstrate a commitment to community engagement and job creation.
Funding and Authorities: The bill authorizes an appropriation of $500 million for the Small Business Equity Fund, which will be allocated over a five-year period. The SBA is granted the authority to partner with local community organizations and financial institutions to facilitate the distribution of funds and provide technical assistance to applicants. Additionally, the bill encourages the establishment of mentorship programs to support business development and sustainability.
Programs and Agencies Affected: The primary agency impacted by the CEASE Act is the SBA, which will oversee the implementation of the Small Business Equity Fund. Local community organizations and financial institutions will also play a crucial role in executing the bill’s objectives.
Beneficiaries: The primary beneficiaries of the CEASE Act are small business owners from underserved communities who will gain improved access to capital and resources necessary for growth and sustainability. The legislation aims to foster economic development in these communities, ultimately benefiting local economies and job markets.
Key Timelines: The bill was introduced in the House and has since been received in the Senate, where it has been read twice and referred to the Committee on Small Business and Entrepreneurship for further consideration. Further actions and discussions are anticipated as the bill progresses through the legislative process.
Yea (201)
J
Jason Crow
L
Lloyd Doggett
J
John Garamendi
J
John Mannion
L
Lucy McBath
E
Eric Swalwell
N
Nydia Velázquez
D
Debbie Wasserman Schultz
Nay (212)
K
Ken Calvert
S
Scott Franklin
M
Mark Green
L
Lisa McClain
J
John Rutherford
D
David Schweikert
P
Pete Sessions
