United States 116th Congress Status: In Committee 21 R cosponsors

S 1564 — Continued Encouragement for Consumer Lending Act

Last action — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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.

Bill Text

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 20 co-sponsors · 526 not signed on

Sponsors (1)

Co-sponsors (20)

Not signed on (526)

526 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
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Frequently asked questions

What does S 1564 do?
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.
Who sponsors S 1564?
S 1564 is sponsored by Tillis, Thomas (Republican), Moran, Jerry (Republican), Cramer, Kevin (Republican), Cotton, Tom (Republican), Perdue, David (Republican), Rounds, Mike (Republican), Boozman, John (Republican), Ernst, Joni (Republican), Cruz, Ted (Republican), Kennedy, John (Republican), Roberts, Pat (Republican), Toomey, Patrick (Republican), Hyde-Smith, Cindy (Republican), Thune, John (Republican), Lankford, James (Republican), Inhofe, James M. (Republican), Cassidy, Bill (Republican), Blunt, Roy (Republican), Fischer, Deb (Republican), Cornyn, John (Republican), and Daines, Steve (Republican).
What is the current status of S 1564?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 1564?
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