3.0.0 4270 2023-01-11T13:45:37Z 2023-01-11T13:45:37Z Senate S 2020-07-22 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2020-07-22T19:19:07Z 116 6551 HR 2020-04-17 Referred to the House Committee on Financial Services. Related bill CRS 2020-07-22 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2020-07-22 Introduced in Senate IntroReferral 10000 9 Library of Congress T000476 Sen. Tillis, Thomas [R-NC] Thomas Tillis R NC Roland N Finance and Financial Sector Accounting and auditing Bank accounts, deposits, capital Banking and financial institutions regulation Cardiovascular and respiratory health Credit and credit markets Emergency medical services and trauma care Infectious and parasitic diseases Finance and Financial Sector

00 2020-07-22 Introduced in Senate 2020-12-14T15:58:19Z This bill modifies the delay for required compliance with certain accounting standards applicable to credit losses (i.e., current expected credit losses standards, also known as CECL standards) as applied to insured depository institutions and bank holding companies. Specifically, required compliance with this standard is delayed through the first day of an institution's fiscal year beginning after the end of the emergency declaration regarding the COVID-19 (i.e., coronavirus disease 2019) outbreak. Currently, this delay ends the earlier of the date on which the emergency declaration terminates, or December 31, 2020.

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Display Title Official Title as Introduced Introduced in Senate IS Introduced in Senate 2020-07-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4270is/xml/BILLS-116s4270is.xml 2020-07-22 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.