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- H.R.7914
H.R.7914: Eliminating CECL Accounting Standard Act
About This Bill
- Introduced July 31, 2020
- Latest Major Action July 31, 2020
Bill Sponsor
Bill Version
- Introduced in House - July 31, 2020
Bill Summary
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).
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| July 31, 2020 |
Referred to the House Committee on Financial Services.
|
| July 31, 2020 |
Introduced in the House by Blaine Luetkemeyer (R-Mo.) |