# 116-hr-7914: Eliminating CECL Accounting Standard Act

116-hr-7914, Eliminating CECL Accounting Standard Act, is a 116th Congress bill sponsored by Rep. Luetkemeyer, Blaine [R-MO-3] (R-MO); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7914
- 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-7914
- Congress: 116
- Title: Eliminating CECL Accounting Standard Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-07-31
- Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3] (R-MO)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Eliminating CECL Accounting Standard Act This bill provides that no one shall be required to comply with a specified accounting standard applicable to credit losses (i.e., the current expected credit losses standard, also known as the CECL standard).

## Related bills

- 116-hr-8765: Modernizing America’s Apprenticeship Act
- 116-hr-8717: FAIR Meat Packing Act
- 116-hr-8675: Preventing Regulatory Penalties for PPP Lenders Act
- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-8535: GO Ag Act
- 116-hr-8360: Coronavirus Relief Fund Flexibility Act of 2020

## Sources
- [116-hr-7914 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7914)

## Related
- [116-hr-8765: Modernizing America’s Apprenticeship Act](https://policyrisk.com/legislation/116-hr-8765)
- [116-hr-8717: FAIR Meat Packing Act](https://policyrisk.com/legislation/116-hr-8717)
- [116-hr-8675: Preventing Regulatory Penalties for PPP Lenders Act](https://policyrisk.com/legislation/116-hr-8675)
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-8535: GO Ag Act](https://policyrisk.com/legislation/116-hr-8535)
- [116-hr-8360: Coronavirus Relief Fund Flexibility Act of 2020](https://policyrisk.com/legislation/116-hr-8360)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7914 (as of 2025-11-18).