3.0.0 7914 2023-01-11T13:45:45Z 2023-01-11T13:45:45Z House HR 2020-07-31 116 [Congressional Record Volume 166, Number 136 (Friday, July 31, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LUETKEMEYER:H.R. 7914.Congress has the power to enact this legislation pursuantto the following:Congress has the Constitutional authority to regulatecommerce among the States and with Indian Tribes, asenumerated in Article I, Section 8, Clause 3.[Page H4214]]]> hsba00 Financial Services Committee House Standing Referred to 2020-07-31T13:03:05Z 2020-07-31 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-07-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-31 Introduced in House IntroReferral 1000 9 Library of Congress L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 N Finance and Financial Sector Accounting and auditing Banking and financial institutions regulation Credit and credit markets Finance and Financial Sector 00 2020-07-31 Introduced in House 2020-09-04T19:05:30Z 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).

]]> Eliminating CECL Accounting Standard Act Display Title Eliminating CECL Accounting Standard Act Short Title(s) as Introduced Eliminating CECL Accounting Standard Act Introduced in House IH Official Title as Introduced To specify that no person shall be required to comply with the CECL Rule under any Federal statute or regulation. Introduced in House IH Introduced in House 2020-07-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7914ih/xml/BILLS-116hr7914ih.xml 2020-07-31 Referred to the House Committee on Financial Services. 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.