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S. 1564 116th Congress Senate

Continued Encouragement for Consumer Lending Act

Official title: A bill to require the Securities and Exchange Commission and certain Federal agencies to carry out a study relating to accounting standards, and for other purposes.

Introduced: August 1, 2019 Introduced by: Thom Tillis Republican · North Carolina See on congress.gov
Finance and Financial Sector Accounting and auditingAdministrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulation
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Business 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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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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 Latest action May 21, 2019

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

 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.

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

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 16
All 16 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
Toomey, Patrick
· 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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