; and (B) with respect to the credit products on which consumers and small business concerns rely during periods of economic expansion and during recessions; (2) whether implementing CECL could— (A) accelerate the depletion of regulatory capital that is available for lending purposes during a recession; (B) have a greater impact on regulatory capital, or extend the period in which regulatory capital is reduced, during a recession; or (C) pose any other systemic risks to the economy of the United States; (3) the potentially disproportionate impact that the implementation of CECL may have on financial institutions, taking into account— (A) the various sizes and levels of complexity of those financial institutions; and (B) the different amounts of resources that are available to those financial institutions; (4) the potential impact that the implementation of CECL may have on the decisions made by investors; and (5) the potential competitive impact that the implementation of CECL may have on institutions in the United States as a result of differing international accounting standards used to measure credit loss. (b) Report Not later than 1 year after the date of enactment of this Act, the Commission and the Federal financial regulators shall submit to the Financial Accounting Standards Board and the appropriate committees of Congress a report— (1) regarding the results of the study conducted under subsection (a); and (2) that shall include— (A) the identification of any negative impacts resulting from the implementation of CECL