Skip to main content
HR 6249 116th Congress House Finance and Financial Sector Accounting and auditing Banking and financial institutions regulation Cardiovascular and respiratory health Credit and credit markets Emergency medical services and trauma care Infectious and parasitic diseases

Coronavirus Accounting Relief Act

Introduced: March 12, 2020 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 12, 2020
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.
Mar 12, 2020
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Coronavirus Accounting Relief Act

This bill temporarily prohibits financial regulators from requiring any person impacted by COVID-19 (coronavirus disease 2019) to comply with the current expected credit loss rule issued by the Financial Accounting Standards Board in June 2016. (This rule establishes a credit loss accounting standard based on expected losses rather than incurred losses.)

The prohibition ends six months after the date of enactment.

What's happening now March 12, 2020

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Republican 4
R
Barr, Andy
Kentucky · Mar 12, 2020
 R
Huizenga, Bill
Michigan · Mar 12, 2020
 R
Steil, Bryan
Wisconsin · Mar 12, 2020
 R
Williams, Roger
Texas · Mar 12, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6249: Coronavirus Accounting Relief Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6249/
MLA
"H.R. 6249: Coronavirus Accounting Relief Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6249/.
Bluebook (legal)
H.R. 6249, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6249/.
Markdown link
[H.R. 6249: Coronavirus Accounting Relief Act](https://openamerica.io/bill/116-HR-6249/)
Report a problem