House Republicans Pass Legislation to Protect Small Businesses, Ensure Oversight of For-Profit SBLC Lenders

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…