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H.R. 3182: CECL Consumer Impact and Study Bill of 2019

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To require the Securities and Exchange Commission and certain Federal agencies to carry out a study relating to accounting standards, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Vicente Gonzalez

Sponsor. Representative for Texas's 15th congressional district. Democrat.

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Last Updated: Jun 10, 2019
Length: 6 pages
Introduced
Jun 10, 2019
Status

Introduced on Jun 10, 2019

This bill is in the first stage of the legislative process. It was introduced into Congress on June 10, 2019. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Prognosis
3% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What legislators are saying

Congressman Gonzalez Reacts to Financial Accounting Standards Board (FASB) Decision to Consider Studying Effects of Current Expected Credit Loss (CECL) Methodology
    — Rep. Vicente Gonzalez [D-TX15] (Sponsor) on Jun 12, 2019

Budd Introduces Bill to Delay CECL Implementation
    — Rep. Ted Budd [R-NC13] (Co-sponsor) on Jun 11, 2019

Congressman Gonzalez Leads Bipartisan Effort to Delay Implementation of Current Expected Credit Loss (CECL) Methodology Citing Concerns
    — Rep. Vicente Gonzalez [D-TX15] (Sponsor) on Jun 11, 2019

More statements at ProPublica Represent...

History

Jun 10, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this bill has further action, the following steps may occur next:
 
Passed Committee

 
Passed House

 
Passed Senate

 
Signed by the President

H.R. 3182 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

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“H.R. 3182 — 116th Congress: CECL Consumer Impact and Study Bill of 2019.” www.GovTrack.us. 2019. July 15, 2019 <https://www.govtrack.us/congress/bills/116/hr3182>

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GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.