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Main Subject: Finance and financial sector

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.

S1564-116, HR6396-116,

Categories

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 Financial services and investments Government studies and investigations Securities and Exchange Commission (SEC) Small business Bank accounts deposits capital Competitiveness trade promotion trade deficits Finance and financial sector

House committee actions Actions

Committee
Jun. 28 2019	Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

House floor actions Actions

IntroReferral

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.
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.

Library of Congress Actions

IntroReferral
Jun. 10 2019	Introduced in House Introduced in House

House bill HR3182-116

CECL Consumer Impact and Study Bill of 2019

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