H.R. 3182

Referred to Committee

CECL Consumer Impact and Study Bill of 2019

Introduced 6/10/2019•116th Congress•House

Congress.gov

Latest Action

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

6/28/2019 • House

Summary

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.

Introduced in House • 6/10/2019

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Topics & Subjects

Policy Area: Finance and Financial Sector

Accounting and auditingAdministrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalCompetition and antitrustCompetitiveness, trade promotion, trade deficitsCongressional oversightConsumer creditEconomic performance and conditionsFinancial services and investmentsGovernment studies and investigationsSecurities and Exchange Commission (SEC)Small business

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Related Federal Spending

Sponsor & Cosponsors (69)

Party Breakdown

Democrats

Republicans

Independents

Sponsor

Rep. Gonzalez, Vicente [D-TX-15]

Democrat • TX-15

Cosponsors (68)

Rep. Sherman, Brad [D-CA-30]

D-CA-30

Joined 6/10/2019

Rep. Scott, David [D-GA-13]

D-GA-13

Joined 6/10/2019

Rep. Gottheimer, Josh [D-NJ-5]

D-NJ-5

Joined 6/10/2019

Rep. Cuellar, Henry [D-TX-28]

D-TX-28

Joined 6/10/2019

Rep. Luetkemeyer, Blaine [R-MO-3]

R-MO-3

Joined 6/10/2019

Rep. Williams, Roger [R-TX-25]

R-TX-25

Joined 6/10/2019

Bill Journey

Originated in the House

Introduced

June 10, 2019

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.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law