,i #aafth ,,congress #b;d ,session ,h4 ,r4 #giad ,,in ,,the ,,house ,,of ,,representatives ,july #ca1 #bjbj,mr4 ,luetkemeyer introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to specify that no person shall be required to comply with the ,,cecl ,rule under any ,federal statute or regulation4 #a4 ,short title ,this ,act may be cited as the ,eliminating ,,cecl ,accounting ,standard ,act4 #b4 ,removing any requirement to comply with the ,,cecl ,rule 7a7 ,in general ,no person shall be required to comply with the ,,cecl ,rule under any ,federal statute or regulation4 7b7 ,,cecl ,rule defined ,in this section1 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