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]
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.
Title
Continued Encouragement for Consumer Lending Act
Sponsors
Sen. Thom Tillis [R-NC] | Sen. Jerry Moran [R-KS] | Sen. Kevin Cramer [R-ND] | Sen. Tom Cotton [R-AR] |
Sen. David Perdue [R-GA] | Sen. Mike Rounds [R-SD] | Sen. John Boozman [R-AR] | Sen. Joni Ernst [R-IA] |
Sen. Ted Cruz [R-TX] | Sen. John Kennedy [R-LA] | Sen. Pat Roberts [R-KS] | Sen. Pat Toomey [R-PA] |
Sen. Cindy Hyde-Smith [R-MS] | Sen. John Thune [R-SD] | Sen. James Lankford [R-OK] | Sen. James Inhofe [R-OK] |
Sen. Bill Cassidy [R-LA] | Sen. Roy Blunt [R-MO] | Sen. Deb Fischer [R-NE] | Sen. John Cornyn [R-TX] |
Sen. Steve Daines [R-MT] |
History
Date | Chamber | Action |
---|---|---|
2019-05-21 | Senate | Read 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.
HB6396 (Related) 2020-09-30 - Referred to the Subcommittee on Health.
Subjects
Accounting and auditing
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business investment and capital
Competition and antitrust
Competitiveness, trade promotion, trade deficits
Congressional oversight
Consumer credit
Economic performance and conditions
Finance and financial sector
Financial services and investments
Government studies and investigations
Securities and Exchange Commission (SEC)
Small business
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business investment and capital
Competition and antitrust
Competitiveness, trade promotion, trade deficits
Congressional oversight
Consumer credit
Economic performance and conditions
Finance and financial sector
Financial services and investments
Government studies and investigations
Securities and Exchange Commission (SEC)
Small business
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1564/all-info |
Text | https://www.congress.gov/116/bills/s1564/BILLS-116s1564is.pdf |