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115-hr-7394115th Congress

To prohibit the Federal financial regulators from requiring compliance with the accounting standards update of the Financial Accounting Standards Board related to current expected credit loss ("CECL"), to require the Securities and Exchange Commission to take certain impacts of a proposed accounting principle into consideration before accepting the principle, and for other purposes.

Sponsored By: Representative Luetkemeyer, Blaine [R-MO-3]

Unknown

Summary

This bill prohibits financial regulators from requiring compliance with the current expected credit loss rule issued by the Financial Accounting Standards Board in June 2016.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Luetkemeyer, Blaine [R-MO-3]

MO • R

Cosponsors

  • Sen. Budd, Ted [R-NC]

    NC • R

    Sponsored 12/21/2018

Roll Call Votes

No roll call votes available for this bill.

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