HR 3182 · 116th Congress · Finance and Financial Sector

CECL Consumer Impact and Study Bill of 2019

Introduced 2019-06-10· Sponsored by Rep. Gonzalez, Vicente [D-TX-15]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.(2019-06-28)

Plain Language Summary

[AI summary unavailable — showing source text] CECL Consumer Impact and Study Bill of 2019 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, financial institutions, and nonfinancial institutions. Required compliance with the CECL standard is delayed until one year after submission of this report.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

5 Democrats15 Republicans
Rep. Sherman, Brad [D-CA-30]CA
Rep. Scott, David [D-GA-13]GA
Rep. Gottheimer, Josh [D-NJ-5]NJ
Rep. Cuellar, Henry [D-TX-28]TX
Rep. Luetkemeyer, Blaine [R-MO-3]MO
Rep. Williams, Roger [R-TX-25]TX
Rep. Hill, J. French [R-AR-2]AR
Rep. Loudermilk, Barry [R-GA-11]GA
Rep. Budd, Ted [R-NC-13]NC
Rep. Kustoff, David [R-TN-8]TN
Rep. Arrington, Jodey C. [R-TX-19]TX
Rep. Marshall, Roger [R-KS-1]KS
Rep. Gooden, Lance [R-TX-5]TX
Rep. Gonzalez, Anthony [R-OH-16]OH
Rep. Riggleman, Denver [R-VA-5]VA
Rep. Abraham, Ralph Lee [R-LA-5]LA
Rep. Beatty, Joyce [D-OH-3]OH
Rep. Cole, Tom [R-OK-4]OK
Rep. Womack, Steve [R-AR-3]AR
Rep. Meadows, Mark [R-NC-11]NC