CECL Consumer Impact and Study Bill of 2019

Fact Sheet API

Bill Number

HR 3182

Introduced

Jun 10, 2019

Latest Action

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Sponsor

Cosponsors

Topics

Accounting and auditing Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Business investment and capital Competition and antitrust Competitiveness, trade promotion, trade deficits Congressional oversight Consumer credit Economic performance and conditions Finance and Financial Sector Financial services and investments Government studies and investigations Securities and Exchange Commission (SEC) Small business

Full Text

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Votes

Summary

CECL Consumer Impact and Study Bill of 2019

This bill directs the Securities and Exchange Commission and federal financial regulators to report on the implementation of the Current Expected Credit Losses (CECL) accounting standard and its impact on credit availability, capital requirements, financial institutions, and nonfinancial institutions. Required compliance with the CECL standard is delayed until one year after submission of this report.

Actions

Jun 28, 2019

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Jun 10, 2019

Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jun 10, 2019

Introduced in House

Amendments

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