WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03) led a letter to Congressional Leadership requesting a delay in the Current Expected Credit Loss (CECL) accounting standard be included in Congress’ third coronavirus funding package.

“It is clear that CECL poses a significant threat to exacerbate the current economic instability and could blunt the effectiveness of the measures already taken and those being currently considered,” the members said in the letter. “I urge [Leadership] to include the elimination or substantial delay of CECL in any package moving through Congress.

Click HERE to read the letter.