[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3380 Introduced in House (IH)]
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119th CONGRESS
1st Session
H. R. 3380
To require the Federal financial institutions regulatory agencies to
take risk profiles and business models of institutions into account
when taking regulatory actions, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 14, 2025
Mr. Loudermilk introduced the following bill; which was referred to the
Committee on Financial Services
_______________________________________________________________________
A BILL
To require the Federal financial institutions regulatory agencies to
take risk profiles and business models of institutions into account
when taking regulatory actions, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Taking Account of Institutions with
Low Operation Risk Act of 2025'' or the ``TAILOR Act of 2025''.
SEC. 2. TAILORING REGULATION TO BUSINESS MODEL AND RISK.
(a) Definitions.--In this section--
(1) the term ``Federal financial institutions regulatory
agency'' means the Office of the Comptroller of the Currency,
the Board of Governors of the Federal Reserve System, the
Federal Deposit Insurance Corporation, the National Credit
Union Administration, and the Bureau of Consumer Financial
Protection; and
(2) the term ``regulatory action''--
(A) means any proposed, interim, or final rule or
regulation; and
(B) does not include any action taken by a Federal
financial institutions regulatory agency that is solely
applicable to an individual institution, including an
enforcement action or order.
(b) Consideration and Tailoring.--For any regulatory action
occurring after the date of enactment of this Act, each Federal
financial institutions regulatory agency shall--
(1) take into consideration the risk profile and business
models of each type of institution or class of institutions
subject to the regulatory action; and
(2) tailor the regulatory action applicable to an
institution, or type of institution, in a manner that limits
the regulatory impact, including cost, human resource
allocation, and other burdens, on the institution or type of
institution as is appropriate for the risk profile and business
model involved.
(c) Factors To Consider.--In carrying out the requirements of
subsection (b), each Federal financial institutions regulatory agency
shall consider--
(1) the aggregate effect of all applicable regulatory
action on the ability of institutions to flexibly serve
customers of the institutions and local markets on and after
the date of enactment of this Act;
(2) the potential effect that efforts to implement the
regulatory action and third-party service provider actions may
work to undercut efforts to tailor the regulatory action
described in subsection (b)(2); and
(3) the statutory provision authorizing the regulatory
action, the congressional intent with respect to the statutory
provision, and the underlying policy objectives of the
regulatory action.
(d) Notice of Proposed and Final Rulemaking.--Each Federal
financial institutions regulatory agency shall disclose and document in
every notice of proposed rulemaking and in any final rulemaking for a
regulatory action described in subsection (b).
(e) Reports to Congress.--Not later than 1 year after the date of
enactment of this Act and annually thereafter, each Federal financial
institutions regulatory agency shall submit to the Committee on
Banking, Housing, and Urban Affairs of the Senate and the Committee on
Financial Services of the House of Representatives a report on the
specific actions taken to tailor the regulatory actions of the Federal
financial institutions regulatory agency pursuant to the requirements
of this section.
(f) Limited Look-Back Application.--
(1) In general.--Each Federal financial institutions
regulatory agency shall--
(A) conduct a review of all final regulations
issued pursuant to statutes enacted during the period
beginning on the date that is 15 years before the date
on which this Act is introduced in the House of
Representatives and ending on the date of enactment of
this Act; and
(B) apply the requirements of this section to the
regulations described in subparagraph (A).
(2) Revision.--Any regulation revised under paragraph (1)
shall be revised not later than 3 years after the date of
enactment of this Act.
SEC. 3. SHORT-FORM CALL REPORTS FOR ALL BANKS ELIGIBLE FOR THE
COMMUNITY BANK LEVERAGE RATIO.
The appropriate Federal banking agencies, as defined in section 3
of the Federal Deposit Insurance Act (12 U.S.C. 1813), shall promulgate
regulations establishing a reduced reporting requirement for all banks
eligible for the Community Bank Leverage Ratio, as defined in section
201(a) of the Economic Growth, Regulatory Relief, and Consumer
Protection Act (12 U.S.C. 5371 note), when making the first and third
report of condition of a year as required by section 7(a) of the
Federal Deposit Insurance Act (12 U.S.C. 1817(a)).
SEC. 4. REPORT TO CONGRESS ON MODERNIZATION OF SUPERVISION.
Not later than 18 months after the date of enactment of this Act,
the appropriate Federal banking agencies, as defined in section 3 of
the Federal Deposit Insurance Act (12 U.S.C. 1813), in consultation
with State bank supervisors, shall submit to the Committee on Banking,
Housing, and Urban Affairs of the Senate and the Committee on Financial
Services of the House of Representatives a report on the modernization
of bank supervision, including the following factors:
(1) Changing bank business models.
(2) Examiner workforce and training.
(3) The structure of supervisory activities within banking
agencies.
(4) Improving bank-supervisor communication and
collaboration.
(5) The use of supervisory technology.
(6) Supervisory factors uniquely applicable to community
banks.
(7) Changes in statutes necessary to achieve more effective
supervision.
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