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H.R. 3182 · 116th Congress

CECL Consumer Impact and Study Bill of 2019

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

VGD GonzalezSponsor
68 cosponsors · 16 D, 52 R
TBR Budd HCD Cuellar JGD Gottheimer JHR Hill BLR Luetkemeyer BLR Loudermilk BSD Sherman DSD Scott RWR Williams DKR Kustoff JAR Arrington RMR Marshall LGR Gooden RAR Abraham AGR Gonzalez DRR Riggleman JBD Beatty TCR Cole MMR Meadows BPR Posey SWR Womack SSR Stivers JWD Wexton RCR Crawford BFR Fitzpatrick KHD Horn FLR Lucas SWR Watkins ABR Barr CHR Higgins HRR Rogers BSR Steil BWR Westerman JCD Correa ASR Smith MJR Johnson AWR Wagner BFR Flores HGR Griffith KHR Hern DRR Rouzer DBR Bacon VFR Foxx GGR Gianforte SJD Jackson Lee ABD Brindisi MMR Mullin CPD Pappas MBR Brooks JBR Bergman AKD Kuster DLR Lesko GGR Graves BMD McAdams ECD Case AKD Kirkpatrick DYR Young DBR Bishop MWR Walker VHR Hartzler DSR Schweikert GPR Pence JSR Smith WTR Timmons DCR Crenshaw HRD Rouda POR Olson JRR Rose

9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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, financial institutions, and nonfinancial institutions.

What it does: CRS summary · Introduced in House · Jun 10, 2019

CECL Consumer Impact and Study Bill of 2019

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, financial institutions, and nonfinancial institutions. Required compliance with the CECL standard is delayed until one year after submission of this report.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: CECL Consumer Impact and Study Bill of 2019

Latest action (Jun 28, 2019): Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 10, 2019

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.