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S 1564 116th Congress Senate Finance and Financial Sector Accounting and auditing Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Business investment and capital Competition and antitrust Competitiveness, trade promotion, trade deficits Congressional oversight Consumer credit Economic performance and conditions Financial services and investments Government studies and investigations Securities and Exchange Commission (SEC) Small business

Continued Encouragement for Consumer Lending Act

Introduced: May 21, 2019 Introduced by: Tillis, Thomas Republican · North Carolina See on congress.gov
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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
May 21, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 21, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Continued Encouragement for Consumer Lending Act

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, and financial institutions. Required compliance with the CECL standard is delayed until one year after submission of this report.

What's happening now May 21, 2019

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 2
  • HR 3182 Related bill CECL Consumer Impact and Study Bill of 2019
  • HR 6396 Related bill Responsible Relief for Americans Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 15
All 15 Republican 15
R
Daines, Steve
Montana · Mar 19, 2020
 R
Cornyn, John
Texas · Feb 27, 2020
 R
Fischer, Deb
Nebraska · Oct 16, 2019
 R
Cassidy, Bill
Louisiana · Oct 15, 2019
 R
Lankford, James
Oklahoma · Sep 11, 2019
 R
Thune, John
South Dakota · Sep 11, 2019
 R
Hyde-Smith, Cindy
Mississippi · Aug 1, 2019
 R
Kennedy, John
Louisiana · Jun 25, 2019
 R
Cruz, Ted
Texas · Jun 18, 2019
 R
Ernst, Joni
Iowa · Jun 10, 2019
 R
Boozman, John
Arkansas · Jun 4, 2019
 R
Cotton, Tom
Arkansas · May 21, 2019
 R
Cramer, Kevin
North Dakota · May 21, 2019
 R
Moran, Jerry
Kansas · May 21, 2019
 R
Rounds, Mike
South Dakota · May 21, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1564: Continued Encouragement for Consumer Lending Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-1564/
MLA
"S. 1564: Continued Encouragement for Consumer Lending Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-1564/.
Bluebook (legal)
S. 1564, 116th Cong. (2026), https://openamerica.io/bill/116-S-1564/.
Markdown link
[S. 1564: Continued Encouragement for Consumer Lending Act](https://openamerica.io/bill/116-S-1564/)
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