# 116-hr-6249: Coronavirus Accounting Relief Act

116-hr-6249, Coronavirus Accounting Relief Act, is a 116th Congress bill sponsored by Rep. Luetkemeyer, Blaine [R-MO-3] (R-MO); status 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. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-6249
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-6249
- Congress: 116
- Title: Coronavirus Accounting Relief Act
- Status: 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.
- Introduced: 2020-03-12
- Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3] (R-MO)
- Cosponsors: 5
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

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.

## Cosponsors (5)

- Rep. Barr, Andy [R-KY-6] (R-KY), 2020-03-12T00:00:00.000Z
- Rep. Steil, Bryan [R-WI-1] (R-WI), 2020-03-12T00:00:00.000Z
- Rep. Huizenga, Bill [R-MI-4] (R-MI), 2020-03-12T00:00:00.000Z
- Rep. Williams, Roger [R-TX-25] (R-TX), 2020-03-12T00:00:00.000Z
- Rep. Riggleman, Denver [R-VA-5] (R-VA), 2020-03-12T00:00:00.000Z

## Related bills

- 116-hr-7278: JUSTICE Act
- 116-hr-6116: Consumer Financial Protection Commission Act
- 116-hr-19: Lower Costs, More Cures Act of 2019
- 116-hr-4305: PAWS for Veterans Therapy Act
- 116-hr-748: CARES Act
- 116-hr-7777: Paycheck Protection Small Business Forgiveness Act

## Sources
- [116-hr-6249 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6249)

## Related
- [116-hr-7278: JUSTICE Act](https://policyrisk.com/legislation/116-hr-7278)
- [116-hr-6116: Consumer Financial Protection Commission Act](https://policyrisk.com/legislation/116-hr-6116)
- [116-hr-19: Lower Costs, More Cures Act of 2019](https://policyrisk.com/legislation/116-hr-19)
- [116-hr-4305: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/116-hr-4305)
- [116-hr-748: CARES Act](https://policyrisk.com/legislation/116-hr-748)
- [116-hr-7777: Paycheck Protection Small Business Forgiveness Act](https://policyrisk.com/legislation/116-hr-7777)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6249 (as of 2025-11-18).