US HB7914 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on July 31 2020 - 25% progression, died in committee
Action: 2020-07-31 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 31 2020 - 25% progression, died in committee
Action: 2020-07-31 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Provides that no one shall be required to comply with a specified accounting standard applicable to credit losses (i.e., the current expected credit losses standard, also known as the CECL standard).
Title
Eliminating CECL Accounting Standard Act
Sponsors
Rep. Blaine Luetkemeyer [R-MO] |
History
Date | Chamber | Action |
---|---|---|
2020-07-31 | House | Referred to the House Committee on Financial Services. |
2020-07-31 | House | Introduced in House |
Subjects
Accounting and auditing
Banking and financial institutions regulation
Credit and credit markets
Finance and financial sector
Banking and financial institutions regulation
Credit and credit markets
Finance and financial sector
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/7914/all-info |
Text | https://www.congress.gov/116/bills/hr7914/BILLS-116hr7914ih.pdf |