1. Short title This Act may be cited as the Coronavirus Accounting Relief Act . 2. Non-application of the CECL Rule by Federal financial regulators (a) In general Notwithstanding any other provision of law, a Federal financial regulator may not require any person impacted by Coronavirus to comply with the CECL Rule under any Federal statute or rule during the 6-month period beginning on the date of enactment of this Act. (b) Definitions In this section: (1) CECL Rule The term CECL Rule means the accounting standard contained in the Accounting Standards Update No. 2016–13 of the Financial Accounting Standards Board, titled Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments issued June 2016. (2) Federal financial regulator The term Federal financial regulator means the Department of the Treasury, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, and the National Credit Union Administration. (3) Impacted by Coronavirus The term Impacted by Coronavirus means any negative effect on revenue, earnings, income, debt, or equity, and any additional negative effect identified by any Federal financial regulator, due to the Coronavirus Disease 2019 (COVID–19).