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- H.R.6249
H.R.6249: Coronavirus Accounting Relief Act
About This Bill
- Introduced March 12, 2020
- Latest Major Action March 12, 2020
Bill Sponsor
Bill Cosponsors
5 (All Republicans)
Bill Version
- Introduced in House - March 12, 2020
Bill Summary
Coronavirus Accounting Relief Act This bill temporarily prohibits financial regulators from requiring any person impacted by COVID-19 (coronavirus disease 2019) to comply with the current expected credit loss rule issued by the Financial Accounting Standards Board in June 2016. (This rule establishes a credit loss accounting standard based on expected losses rather than incurred losses.) The prohibition ends six months after the date of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 12, 2020 |
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
|
| March 12, 2020 |
Introduced in the House by Blaine Luetkemeyer (R-Mo.) |