US SB1564 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Republican 21-0)
Status: Introduced on May 21 2019 - 25% progression, died in committee
Action: 2019-05-21 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

Continued Encouragement for Consumer Lending Act

Sponsors


History

DateChamberAction
2019-05-21SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Same As/Similar To

HB3182 (Related) 2019-06-28 - Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
HB6396 (Related) 2020-09-30 - Referred to the Subcommittee on Health.

Subjects


US Congress State Sources


Bill Comments

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