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H.R. 7914

BillFederalHouseIn Committee
To specify that no person shall be required to comply with the CECL Rule under any Federal statute or regulation.
About This Bill
Committee
Latest Action · July 31, 2020
Referred to the House Committee on Financial Services.
Congress
116th (2019–2021)
Introduced
July 31, 2020
Cosponsors (0)
None
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Summary

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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).

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