S.366 - TAILOR Act of 2017115th Congress (2017-2018) |
|Sponsor:||Sen. Rounds, Mike [R-SD] (Introduced 02/13/2017)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 07/13/2017 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.366 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (02/13/2017)
Taking Account of Institutions with Low Operation Risk Act of 2017 or the TAILOR Act of 2017
This bill requires federal financial regulatory agencies to: (1) in general, tailor a regulatory action so as to limit the regulatory impact and other 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 requirements apply not only to future regulatory actions but also to regulations adopted on or after July 21, 2010.