,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fche  ,,in ,,the ,,house ,,of  
,,representatives  ,march #be1 #bjbj,mr4
 ,curtis 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     
provide temporary relief from troubled  
debt restructuring disclosures1 to delay
 the implementation of certain          
accounting standards for depository     
institutions substantially affected by  
,,covid-#ai1 and for other purposes4    
#a4 ,short title ,this ,act may be cited
 as the ,small ,business-,community     
,banker ,,covid-#ai ,relief ,act of     
#bjbj4  #b4 ,sense of ,congress relating
 to community banker-small business     
partnership enhancement ,it is the sense
 of ,congress that a depository         

institution may delay any requirements  
for a payment on a loan made to a small 
business concern substantially affected 
by ,,covid-#ai for the period during    
which such concern is unable to make any
 payment due4  #c4 ,temporary relief    
from troubled debt restructuring        
disclosures ,notwithstanding any other  
provision of law1 an insured depository 
institution that modifies a loan to a   
small business concern substantially    
affected by ,,covid-#ai in a troubled   
debt restructuring on or after ,march   
#ac1 #bjbj1 shall not be required to    
comply with the identification and      
disclosures standards issued by the     
,financial ,accounting ,standards ,board
 ,accounting ,standards ,codification   
,subtopic #caj-dj                       
7,receivables--,troubled ,debt          
,restructurings by ,creditors7 for      
purposes of section #bg7;a77#b77;,a7 of 
the ,federal ,deposit ,insurance ,act1  
until such time and under such          
circumstances as the appropriate        

,federal banking agency determines      
appropriate4  #d4 ,delayed              
implementation for ,,cecl ,no ,federal  
agency1 including any of the ,federal   
financial regulators1 may require a     
depository institution that has been    
substantially affected by ,,covid-#ai to
 comply with ,,cecl for any purpose4    
#e4 ,definitions ,in this ,act3 7#a7    
,,cecl ,the term ,,cecl means the       
accounting standard in ,accounting      
,standards ,update #bjaf-ac1 ,financial 
,instruments--,credit ,losses 7,topic   
#cbf71 issued by the ,financial         
,accounting ,standards ,board in ,june  
#bjaf1 as amended by ,accounting        
,standards ,update #bjah-ai1            
,codification ,improvements to ,topic   
#cbf1 ,financial ,instruments--,credit  
,losses1 issued by the ,financial       
,accounting ,standards ,board in        
,november #bjah4  7#b7 ,depository      
institution ,the term depository        
institution means any bank or savings   
association4  7#c7 ,federal ,deposit    

,insurance ,act definitions ,the terms  
appropriate ,federal banking agency and 
insured depository institution have the 
meanings given such terms1 respectively1
 in section #c of the ,federal ,deposit 
,insurance ,act4  7#d7 ,federal         
financial regulators ,the term ,federal 
financial regulators means-- 7,a7 the   
,department of the ,treasury2  7,b7 the 
,board of ,governors of the ,federal    
,reserve ,system2  7,c7 the ,bureau of  
,consumer ,financial ,protection2  7,d7 
the ,office of the ,comptroller of the  
,currency2  7,e7 the ,commodity ,futures
 ,trading ,commission2  7,f7 the        
,federal ,deposit ,insurance            
,corporation2  7,g7 the ,federal        
,housing ,finance ,agency2  7,h7 the    
,national ,credit ,union                
,administration2 and  7,i7 the          
,securities and ,exchange ,commission4  
7#e7 ,small business concern ,the term  
small business concern has the meaning  
given such term under section #c of the 
,small ,business ,act4  7#f7            

,substantially affected ,the term       
substantially affected by ,,covid-#ai   
means1 with respect to a small business 
concern or depository institution1 an   
experience of any of the following as   
the result of ,federal1 ,state1 or local
 government action taken to reduce the  
impact of ,,covid-#ai3 7,a7 ,supply     
chain disruptions1 including changes    
in-- 7i7 quantity and lead time1        
including the number of shipments of    
components and delays in shipments2     
7ii7 quality1 including shortages in    
supply for quality control reasons2 and 
7iii7 technology1 including a           
compromised payment network4  7,b7      
,staffing challenges4  7,c7 ,decrease in
 sales or customers4  7,d7 ,shuttered   
businesses4  7,e7 ,negative effects on  
revenue1 earnings1 income1 debt1 or     
equity4  7,f7 ,any additional negative  
effect identified by any ,federal       
financial regulator4