S-1564 : Still Just a Bill


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.

Action Timeline

Action DateTypeTextSource
2019-05-21IntroReferralRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.Senate
2019-05-21IntroReferralIntroduced in SenateLibrary of Congress

Policy Area :

Finance and Financial Sector
Related Subjects
  • 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
  • Small business
Related Geographic Entities
Related Organizations
  • Securities and Exchange Commission (SEC)

Related Bills

See Related Bills