Bill116th CongressFiled Jul 31, 2020Finance and Financial Sector
H.R. 7914
Eliminating CECL Accounting Standard Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jul 31, 2020)
Eliminating CECL Accounting Standard Act
This bill 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).
What just happenedJul 31, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Luetkemeyer, Blaine [R-MO-3](R-MO)Sponsor
1committees3actions3subjects
- Introduced in HouseJul 31, 2020
- Jul 31, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jul 31, 2020IntroReferralIntro-H
Introduced in House
- Jul 31, 2020IntroReferral1000
Introduced in House