# 116-hr-6551: CARES Act Section 4014 Technical Corrections Act

116-hr-6551, CARES Act Section 4014 Technical Corrections Act, is a 116th Congress bill sponsored by Rep. Sherman, Brad [D-CA-32] (D-CA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-6551
- 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-6551
- Congress: 116
- Title: CARES Act Section 4014 Technical Corrections Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-04-17
- Sponsor: Rep. Sherman, Brad [D-CA-32] (D-CA)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

CARES Act Section 4014 Technical Corrections Act This bill modifies the delay for required compliance with certain accounting standards applicable to credit losses (i.e., current expected credit losses standards, also known as CECL standards) as applied to insured depository institutions and bank holding companies. Specifically, required compliance with this standard is delayed through the first day of an institution's fiscal year beginning after the end of the emergency declaration regarding the COVID-19 (i.e., coronavirus disease 2019) outbreak. Currently, this delay ends the earlier of the date on which the emergency declaration terminates, or December 31, 2020.

## Related bills

- 116-hr-8986: To designate the facility of the United States Postal Service located at 120 4th Street in Petaluma, California, as the "Lynn C. Woolsey Post Office Building".
- 116-hr-8841: Internal Control Disclosure Improvement Act of 2020
- 116-hr-8809: LOVE Act of 2020
- 116-hr-8726: To designate the facility of the United States Postal Service located at 101 South Willowbrook Avenue in Compton, California, as the "PFC James Anderson, Jr.,…
- 116-hr-8707: Middle East Advanced Military Technology Protection Act
- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act

## Sources
- [116-hr-6551 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6551)

## Related
- [116-hr-8986: To designate the facility of the United States Postal Service located at 120 4t…](https://policyrisk.com/legislation/116-hr-8986)
- [116-hr-8841: Internal Control Disclosure Improvement Act of 2020](https://policyrisk.com/legislation/116-hr-8841)
- [116-hr-8809: LOVE Act of 2020](https://policyrisk.com/legislation/116-hr-8809)
- [116-hr-8726: To designate the facility of the United States Postal Service located at 101 So…](https://policyrisk.com/legislation/116-hr-8726)
- [116-hr-8707: Middle East Advanced Military Technology Protection Act](https://policyrisk.com/legislation/116-hr-8707)
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6551 (as of 2025-11-18).