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
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
Plain-English summary
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
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1