Summary: H.R.741 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.741. Bill summaries are authored by CRS.

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Introduced in House (01/24/2019)

Taking Account of Institutions with Low Operation Risk Act of 2019 or the TAILOR Act of 2019

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.