3.0.0 6385 2022-02-08T23:17:25Z 2023-09-05T17:28:05Z House HR 2020-03-25 116 [Congressional Record Volume 166, Number 59 (Wednesday, March 25, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CURTIS:H.R. 6385.Congress has the power to enact this legislation pursuantto the following:Article I Section 8[Page H1726]]]> hsag00 Agriculture Committee House Standing Referred to 2020-03-25T14:01:25Z hsba00 Financial Services Committee House Standing Referred to 2020-03-25T14:01:20Z 2020-03-25 Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2020-03-25 Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-03-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-03-25 Introduced in House IntroReferral 1000 9 Library of Congress C001114 Rep. Curtis, John R. [R-UT-3] John Curtis R UT R. 3 N Finance and Financial Sector Accounting and auditing Banking and financial institutions regulation Cardiovascular and respiratory health Credit and credit markets Economic performance and conditions Emergency medical services and trauma care Financial crises and stabilization Infectious and parasitic diseases Retail and wholesale trades Small business Finance and Financial Sector 00 2020-03-25 Introduced in House 2020-08-05T19:00:43Z Small Business-Community Banker COVID-19 Relief Act of 2020

This bill allows a depository institution to delay compliance with specified accounting standards when modifying a loan for a small business affected by COVID-19 (i.e., coronavirus disease 2019) in a troubled debt restructuring. A depository institution is not required to comply with certain accounting standards applicable to credit losses (i.e., current expected credit losses standards, also known as CECL standards) if it has been substantially affected by COVID-19.

]]> Small Business-Community Banker COVID–19 Relief Act of 2020 Display Title Small Business-Community Banker COVID–19 Relief Act of 2020 Official Title as Introduced To provide temporary relief from troubled debt restructuring disclosures, to delay the implementation of certain accounting standards for depository institutions substantially affected by COVID-19, and for other purposes. Introduced in House IH Short Title(s) as Introduced Small Business-Community Banker COVID–19 Relief Act of 2020 Introduced in House IH Introduced in House 2020-03-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6385ih/xml/BILLS-116hr6385ih.xml 2020-03-25 Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.