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
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