HR 7914 · 116th Congress · Finance and Financial Sector

Eliminating CECL Accounting Standard Act

Introduced 2020-07-31· Sponsored by Rep. Luetkemeyer, Blaine [R-MO-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-07-31)

Plain Language Summary

[AI summary unavailable — showing source text] 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).…

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