,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fbdi  ,,in ,,the ,,house ,,of  
,,representatives  ,march #ab1 #bjbj,mr4
 ,luetkemeyer 7for himself1 ,mr4 ,barr1 
,mr4 ,steil1 ,mr4 ,huizenga1 ,mr4       
,williams1 and ,mr4 ,riggleman7         
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services1 and in addition to
 the ,committee on ,agriculture1 for a  
period to be subsequently determined by 
the ,speaker1 in each case for          
consideration of such provisions as fall
 within the jurisdiction of the         
committee concerned  ,a ,,bill  ,to     
temporarily prohibit the ,federal       
financial regulators from requiring     
compliance with the ,,cecl ,rule by     
persons impacted by ,coronavirus1 and   
for other purposes4  #a4 ,short title   
,this ,act may be cited as the          
,coronavirus ,accounting ,relief ,act4  
#b4 ,non-application of the ,,cecl ,rule
 by ,federal financial regulators  7a7  
,in general ,notwithstanding any other  

provision of law1 a ,federal financial  
regulator may not require any person    
impacted by ,coronavirus to comply with 
the ,,cecl ,rule under any ,federal     
statute or rule during the #f-month     
period beginning on the date of         
enactment of this ,act4  7b7            
,definitions ,in this section3 7#a7     
,,cecl ,rule ,the term ,,cecl ,rule     
means the accounting standard contained 
in the ,accounting ,standards ,update   
,no4 #bjaf-ac of the ,financial         
,accounting ,standards ,board1 titled   
,financial ,instruments--,credit ,losses
 7,topic #cbf73 ,measurement of ,credit 
,losses on ,financial ,instruments      
issued ,june #bjaf4  7#b7 ,federal      
financial regulator ,the term ,federal  
financial regulator means the           
,department of the ,treasury1 the ,board
 of ,governors of the ,federal ,reserve 
,system1 the ,office of the ,comptroller
 of the ,currency1 the ,securities and  
,exchange ,commission1 the ,commodity   
,futures ,trading ,commission1 the      

,federal ,deposit ,insurance            
,corporation1 the ,federal ,housing     
,finance ,agency1 and the ,national     
,credit ,union ,administration4  7#c7   
,impacted by ,coronavirus ,the term     
,impacted by ,coronavirus means any     
negative effect on revenue1 earnings1   
income1 debt1 or equity1 and any        
additional negative effect identified by
 any ,federal financial regulator1 due  
to the ,coronavirus ,disease #bjai      
7,,covid-#ai74