Summary: S.1564 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.1564. Bill summaries are authored by CRS.

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Introduced in Senate (05/21/2019)

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.