,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #cejb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #af1 #bjbj,mr4    
,cram] 7= himself1 ,mr4 ,cotton1 ,mr4   
,tillis1 & ,mr4 ,moran7 introduc$ !     
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,bank+1 ,h\s+1 &     
,urban ,affairs  ,a ,,bill  ,to delay ! 
implem5tation date ( ! curr5t expect$   
cr$it losses me?odology = e/imat+       
all[ances = cr$it losses1 & = o!r       
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,community ,bank           
,regulatory ,relief ,act4  #b4 ,delay$  
implem5tation date = ,,cecl  7a7        
,def9itions ,9 ?is section-- 7#a7 ! t]m 
,,cecl means ! acc\nt+ /&>d 9 ,acc\nt+  
,/&>ds ,update #bjaf-ac1 ,f9ancial      
,in/rum5ts--,cr$it ,losses 7,topic      
#cbf71 issu$ by ! ,f9ancial ,acc\nt+    
,/&>ds ,bo>d 9 ,june #bjaf1 z am5d$ by  
,acc\nt+ ,/&>ds ,update #bjah-ai1       
,codification ,improvem5ts to ,topic    
#cbf1 ,f9ancial ,in/rum5ts--,cr$it      
,losses1 issu$ by ! ,f9ancial ,acc\nt+  

,/&>ds ,bo>d 9 ,novemb] #bjah2 &  7#b7 !
 t]m ,f$]al f9ancial regulators means-- 
7,a7 ! ,dep>tm5t ( ! ,treasury2  7,b7 ! 
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em2  7,c7 ! ,bureau ( ,consum]      
,f9ancial ,protection2  7,d7 ! ,(fice ( 
! ,comptroll] ( ! ,curr5cy2  7,e7 !     
,commodity ,futures ,trad+ ,commission2 
7,f7 ! ,f$]al ,deposit ,insurance       
,corporation2  7,g7 ! ,f$]al ,h\s+      
,f9ance ,ag5cy2  7,h7 ! ,national ,cr$it
 ,union ,adm9i/ration2 &  7,i7 !        
,securities & ,ex*ange ,commission4  7b7
 ,delay ,no ,f$]al ag5cy1 includ+ any ( 
! ,f$]al f9ancial regulators1 may       
require a p]son to use ,,cecl = any     
purpose ) respect to any fiscal ye> t   
beg9s be=e ,decemb] #ca1 #bjbd4  #c4    
,community ,bank ,lev]age ,ratio  7a7 ,9
 g5]al ,section #bja ( ! ,economic      
,gr[?1 ,regulatory ,relief1 & ,consum]  
,protection ,act 7#ab ,u4,s4,c4 #ecga   
note7 is am5d$-- 7#a7 by /rik+          
subsection 7b7 & ins]t+ ! foll[+3  7b7  
,community ,bank ,lev]age ,ratio  7#a7  

,9 g5]al ,! ,community ,bank ,lev]age   
ratio = qualify+ community banks %all be
 #h p]c5t4  7#b7 ,proc$ures ,!          
appropriate ,f$]al bank+ ag5cies %all1  
?r\gh notice & comm5t rule mak+ "u      
section #eec ( title #e1 ,unit$ ,/ates  
,code1 e/abli% proc$ures = treatm5t ( a 
qualify+ community bank t has a         
,community ,bank ,lev]age ,ratio t falls
 bel[ ! p]c5tage e/abli%$ "u p>agraph   
7#a7 aft] exce$+ ! p]c5tage e/abli%$ "u 
p>agraph 7#a74  2  7#b7 9 subsection    
7c77#a71 9 ! matt] prec$+ subp>agraph   
7,a71 by /rik+ develop$ "u & ins]t+     
e/abli%$ "u2 &  7#c7 9 subsection       
7d77#b71 by /rik+ develop$ "u & ins]t+  
e/abli%$ "u4  7b7 ,applicability ,beg9n+
 on ! effective date describ$ 9         
subsection 7c71 any provision ( a rule t
 0 issu$ "u section #bja7;b7 ( !        
,economic ,gr[?1 ,regulatory ,relief1 & 
,consum] ,protection ,act 7#ab ,u4,s4,c4
 #ecga note7 be=e ! date ( enactm5t (   
?is ,act & t is inconsi/5t ) su* section
 #bja7;b71 z am5d$ by subsection 7a7 (  

?is section1 %all h no =ce or effect4   
7c7 ,effective date ,?is section1 & !   
am5dm5ts made by ?is section1 %all take 
effect on ! date t is #g days aft] !    
date ( enactm5t ( ?is ,act4