Continued Encouragement for Consumer Lending Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 21, 2019)
Continued Encouragement for Consumer Lending Act
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, and financial institutions. Required compliance with the CECL standard is delayed until one year after submission of this report.
What just happenedMay 21, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateMay 21, 2019
- May 21, 2019IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - May 21, 2019IntroReferral10000
Introduced in Senate