H.R.1116 - TAILOR Act of 2017115th Congress (2017-2018)
|Sponsor:||Rep. Tipton, Scott R. [R-CO-3] (Introduced 02/16/2017)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Committee Reports:||H. Rept. 115-588|
|Latest Action:||Senate - 03/15/2018 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
|Roll Call Votes:||There have been 2 roll call votes|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.1116 — 115th Congress (2017-2018)All Information (Except Text)
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.