H.R. 3182 · 116th Congress
CECL Consumer Impact and Study Bill of 2019
- Stage
- In committee
- Sponsor
- Vicente Gonzalez
- Introduced
- 2019-06-10
- Latest action
- 2019-06-28 · Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Summary
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.