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- H.R.6551
H.R.6551: CARES Act Section 4014 Technical Corrections Act
About This Bill
- Introduced April 17, 2020
- Latest Major Action April 17, 2020
Bill Sponsor
Bill Version
- Introduced in House - April 17, 2020
Bill Summary
CARES Act Section 4014 Technical Corrections Act This bill modifies the delay for required compliance with certain accounting standards applicable to credit losses (i.e., current expected credit losses standards, also known as CECL standards) as applied to insured depository institutions and bank holding companies. Specifically, required compliance with this standard is delayed through the first day of an institution's fiscal year beginning...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 17, 2020 |
Referred to the House Committee on Financial Services.
|
| April 17, 2020 |
Introduced in the House by Brad Sherman (D-Calif.) |