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Main Subject: Finance and financial sector

Continued Encouragement for Consumer Lending Act

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, and financial institutions. Required compliance with the CECL standard is delayed until one year after submission of this report.

HR3182-116, 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

Senate Actions

IntroReferral
May. 21 2019	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Library of Congress Actions

IntroReferral
May. 21 2019	Introduced in Senate

Senate bill S1564-116

Continued Encouragement for Consumer Lending Act

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