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- S.1564
S.1564: Continued Encouragement for Consumer Lending Act
About This Bill
- Introduced May 21, 2019
- Latest Major Action May 21, 2019
Bill Sponsor
Bill Cosponsors
20 (All Republicans)
Bill Version
- Introduced in Senate - May 21, 2019
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 21, 2019 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| May 21, 2019 |
Introduced in the Senate by Thom Tillis (R-N.C.) |