Continued Encouragement for Consumer Lending Act
USA116th CongressS-1564| Senate
| Updated: 5/21/2019
Thomas Tillis
Republican Senator
North Carolina
Cosponsors (20)
Joni Ernst (Republican)Bill Cassidy (Republican)Cindy Hyde-Smith (Republican)David Perdue (Republican)Jerry Moran (Republican)Tom Cotton (Republican)James M. Inhofe (Republican)John Boozman (Republican)Roy Blunt (Republican)John Thune (Republican)Mike Rounds (Republican)Ted Cruz (Republican)Kevin Cramer (Republican)James Lankford (Republican)John Kennedy (Republican)Deb Fischer (Republican)Pat Roberts (Republican)John Cornyn (Republican)Patrick Toomey (Republican)Steve Daines (Republican)
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Accounting and auditingAdministrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalCompetition and antitrustCompetitiveness, trade promotion, trade deficitsCongressional oversightConsumer creditEconomic performance and conditionsFinancial services and investmentsGovernment studies and investigationsSecurities and Exchange Commission (SEC)Small business
Continued Encouragement for Consumer Lending Act
USA116th CongressS-1564| Senate
| Updated: 5/21/2019
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Thomas Tillis
Republican Senator
North Carolina
Cosponsors (20)
Joni Ernst (Republican)Bill Cassidy (Republican)Cindy Hyde-Smith (Republican)David Perdue (Republican)Jerry Moran (Republican)Tom Cotton (Republican)James M. Inhofe (Republican)John Boozman (Republican)Roy Blunt (Republican)John Thune (Republican)Mike Rounds (Republican)Ted Cruz (Republican)Kevin Cramer (Republican)James Lankford (Republican)John Kennedy (Republican)Deb Fischer (Republican)Pat Roberts (Republican)John Cornyn (Republican)Patrick Toomey (Republican)Steve Daines (Republican)
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Accounting and auditingAdministrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalCompetition and antitrustCompetitiveness, trade promotion, trade deficitsCongressional oversightConsumer creditEconomic performance and conditionsFinancial services and investmentsGovernment studies and investigationsSecurities and Exchange Commission (SEC)Small business