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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2019-06-28 | Committee | Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. | House committee actions |
| 2019-06-10 | IntroReferral | 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. | House floor actions |
| 2019-06-10 | IntroReferral | 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. | House floor actions |
| 2019-06-10 | IntroReferral | Introduced in House | Library of Congress |