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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (7)

Short Titles

Short Titles - House of Representatives

Short Titles as Passed House

TAILOR Act of 2017
Taking Account of Institutions with Low Operation Risk Act of 2017

Short Titles as Reported to House

TAILOR Act of 2017
Taking Account of Institutions with Low Operation Risk Act of 2017

Short Titles as Introduced

TAILOR Act of 2017
Taking Account of Institutions with Low Operation Risk Act of 2017

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

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.


Actions Overview (3)

Date Actions Overview
03/14/2018Passed/agreed to in House: On passage Passed by the Yeas and Nays: 247 - 169 (Roll no. 108).(text: CR H1576)
03/06/2018Reported by the Committee on Financial Services. H. Rept. 115-588.
02/16/2017Introduced in House

All Actions (19)

Date Chamber All Actions
03/15/2018SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
03/14/2018-5:46pmHouseMotion to reconsider laid on the table Agreed to without objection.
03/14/2018-5:46pmHouseOn passage Passed by the Yeas and Nays: 247 - 169 (Roll no. 108). (text: CR H1576)
03/14/2018-5:38pmHouseOn motion to recommit with instructions Failed by the Yeas and Nays: 182 - 232 (Roll no. 107).
03/14/2018-5:13pmHouseThe previous question on the motion to recommit with instructions was ordered without objection.
03/14/2018-5:03pmHouseDEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to insert on page 3, line 22 ", unless such tailoring is done at the request of and for the personal gain of the President, his or her immediate family members, or senior Executive Branch officials who are required to file annual financial disclosure forms, or is otherwise determined inappropriate by the appropriate Federal financial regulator" before the period at the end.
03/14/2018-5:03pmHouseMr. Connolly moved to recommit with instructions to the Committee on Financial Services. (text: CR H1583)
03/14/2018-5:02pmHouseThe previous question was ordered pursuant to the rule.
03/14/2018-4:00pmHouseDEBATE - The House proceeded with one hour of debate on H.R. 1116.
03/14/2018-4:00pmHouseRule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure.
03/14/2018-4:00pmHouseConsidered under the provisions of rule H. Res. 773. (consideration: CR H1576-1585)
03/13/2018-6:45pmHouseRules Committee Resolution H. Res. 773 Reported to House. Rule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure.
03/06/2018HousePlaced on the Union Calendar, Calendar No. 446.
03/06/2018HouseReported by the Committee on Financial Services. H. Rept. 115-588.
10/12/2017HouseOrdered to be Reported by the Yeas and Nays: 39 - 21.
Action By: Committee on Financial Services
10/12/2017HouseCommittee Consideration and Mark-up Session Held.
Action By: Committee on Financial Services
10/11/2017HouseCommittee Consideration and Mark-up Session Held.
Action By: Committee on Financial Services
02/16/2017HouseReferred to the House Committee on Financial Services.
02/16/2017HouseIntroduced in House

Cosponsors (85)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Pittenger, Robert [R-NC-9]* 02/16/2017
Rep. Royce, Edward R. [R-CA-39]* 02/16/2017
Rep. Posey, Bill [R-FL-8]* 02/16/2017
Rep. Williams, Roger [R-TX-25]* 02/16/2017
Rep. Love, Mia B. [R-UT-4]* 02/16/2017
Rep. Loudermilk, Barry [R-GA-11]* 02/16/2017
Rep. Trott, David A. [R-MI-11]* 02/16/2017
Rep. Barr, Andy [R-KY-6]* 02/16/2017
Rep. King, Steve [R-IA-4] 03/08/2017
Rep. Ross, Dennis A. [R-FL-15] 03/08/2017
Rep. Tenney, Claudia [R-NY-22] 03/08/2017
Rep. Latta, Robert E. [R-OH-5] 03/08/2017
Rep. Poliquin, Bruce [R-ME-2] 03/16/2017
Rep. Lucas, Frank D. [R-OK-3] 03/16/2017
Rep. Sanford, Mark [R-SC-1] 03/16/2017
Rep. Hultgren, Randy [R-IL-14] 03/21/2017
Rep. Harper, Gregg [R-MS-3] 03/21/2017
Rep. Kelly, Trent [R-MS-1] 03/21/2017
Rep. Jenkins, Evan H. [R-WV-3] 03/22/2017
Rep. Peterson, Collin C. [D-MN-7] 03/22/2017
Rep. Marshall, Roger W. [R-KS-1] 03/22/2017
Rep. McKinley, David B. [R-WV-1] 03/22/2017
Rep. Cramer, Kevin [R-ND-At Large] 03/22/2017
Rep. Renacci, James B. [R-OH-16] 03/22/2017
Rep. Bishop, Rob [R-UT-1] 03/23/2017
Rep. Bacon, Don [R-NE-2] 03/23/2017
Rep. Emmer, Tom [R-MN-6] 03/28/2017
Rep. Lewis, Jason [R-MN-2] 04/03/2017
Rep. King, Peter T. [R-NY-2] 04/03/2017
Rep. Arrington, Jodey C. [R-TX-19] 04/03/2017
Rep. DeSantis, Ron [R-FL-6] 04/03/2017
Rep. Wittman, Robert J. [R-VA-1] 04/05/2017
Rep. Walz, Timothy J. [D-MN-1] 04/05/2017
Rep. Coffman, Mike [R-CO-6] 04/26/2017
Rep. Young, David [R-IA-3] 04/26/2017
Rep. Noem, Kristi L. [R-SD-At Large] 04/26/2017
Rep. Johnson, Bill [R-OH-6] 04/26/2017
Rep. Paulsen, Erik [R-MN-3] 04/26/2017
Rep. Vela, Filemon [D-TX-34] 05/02/2017
Rep. Chabot, Steve [R-OH-1] 05/02/2017
Rep. Gallagher, Mike [R-WI-8] 05/17/2017
Rep. Babin, Brian [R-TX-36] 05/19/2017
Rep. Bridenstine, Jim [R-OK-1] 05/19/2017
Rep. Bost, Mike [R-IL-12] 05/19/2017
Rep. Buck, Ken [R-CO-4] 05/25/2017
Rep. Wagner, Ann [R-MO-2] 05/25/2017
Rep. Rothfus, Keith J. [R-PA-12] 05/25/2017
Rep. Sessions, Pete [R-TX-32] 05/25/2017
Rep. Hollingsworth, Trey [R-IN-9] 05/25/2017
Rep. Smith, Lamar [R-TX-21] 05/25/2017
Rep. Farenthold, Blake [R-TX-27] 05/25/2017
Rep. Olson, Pete [R-TX-22] 06/06/2017
Rep. MacArthur, Thomas [R-NJ-3] 06/07/2017
Rep. Grothman, Glenn [R-WI-6] 06/21/2017
Rep. Comstock, Barbara [R-VA-10] 06/21/2017
Rep. Guthrie, Brett [R-KY-2] 06/21/2017
Rep. Gosar, Paul A. [R-AZ-4] 06/21/2017
Rep. Jenkins, Lynn [R-KS-2] 06/21/2017
Rep. Sensenbrenner, F. James, Jr. [R-WI-5] 06/22/2017
Rep. Mullin, Markwayne [R-OK-2] 06/22/2017
Rep. Rice, Tom [R-SC-7] 06/22/2017
Rep. Rokita, Todd [R-IN-4] 06/22/2017
Rep. Russell, Steve [R-OK-5] 06/22/2017
Rep. Duncan, Jeff [R-SC-3] 06/26/2017
Rep. Walters, Mimi [R-CA-45] 06/26/2017
Rep. Webster, Daniel [R-FL-11] 06/26/2017
Rep. Simpson, Michael K. [R-ID-2] 06/26/2017
Rep. DesJarlais, Scott [R-TN-4] 06/26/2017
Rep. Davis, Rodney [R-IL-13] 06/26/2017
Rep. Messer, Luke [R-IN-6] 06/26/2017
Rep. Turner, Michael R. [R-OH-10] 06/26/2017
Rep. Stivers, Steve [R-OH-15] 06/27/2017
Rep. Lamborn, Doug [R-CO-5] 06/27/2017
Rep. Walberg, Tim [R-MI-7] 06/27/2017
Rep. Marino, Tom [R-PA-10] 06/27/2017
Rep. Tiberi, Patrick J. [R-OH-12] 06/27/2017
Rep. Duncan, John J., Jr. [R-TN-2] 06/27/2017
Rep. Fortenberry, Jeff [R-NE-1] 06/27/2017
Rep. Joyce, David P. [R-OH-14] 06/29/2017
Rep. Collins, Chris [R-NY-27] 07/18/2017
Rep. Womack, Steve [R-AR-3] 07/18/2017
Rep. Graves, Garret [R-LA-6] 07/19/2017
Rep. Perlmutter, Ed [D-CO-7] 09/28/2017
Rep. Cole, Tom [R-OK-4] 10/03/2017
Rep. Gottheimer, Josh [D-NJ-5] 10/12/2017

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Financial Services02/16/2017 Referred to
10/12/2017 Markup by
03/06/2018 Reported by H. Rept. 115-588
Senate Banking, Housing, and Urban Affairs03/15/2018 Referred to

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.


Latest Summary (3)

There are 3 summaries for H.R.1116. View summaries

Shown Here:
Passed House amended (03/14/2018)

Taking Account of Institutions with Low Operation Risk Act of 2017 or the TAILOR Act of 2017

(Sec. 2) This bill requires federal financial regulatory agencies to: (1) tailor any regulatory actions so as to limit burdens on the institutions involved, with consideration of the risk profiles and business models of those institutions; and (2) report to Congress on specific actions taken to do so, as well as on other related issues. The bill's tailoring requirement applies not only to future regulatory actions but also to regulations adopted within the last seven years.

(Sec. 3) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.