H.R. 7394 · 115th Congress
To prohibit the Federal financial regulators from requiring compliance with the accounting standards update of the Financial Accounting Standards Board related to current expected credit loss ("CECL"), to require the Securities and Exchange Commission to take certain impacts of a proposed accounting principle into consideration before accepting the principle, and for other purposes.
- Stage
- In committee
- Sponsor
- Blaine Luetkemeyer
- Introduced
- 2018-12-21
- Latest action
- 2018-12-21 · Introduced in House
Subjects
Administrative law and regulatory procedures
Banking and financial institutions regulation
Finance and financial sector
Small business
Minority and disadvantaged businesses
Accounting and auditing
Securities and Exchange Commission (SEC)
Credit and credit markets