US HB741 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 33-0)
Status: Introduced on January 24 2019 - 25% progression, died in committee
Action: 2019-01-24 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 24 2019 - 25% progression, died in committee
Action: 2019-01-24 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
TAILOR Act of 2019 Taking Account of Institutions with Low Operation Risk Act of 2019
Sponsors
| Rep. Scott Tipton [R-CO] | Sen. Ted Budd [R-NC] | Sen. Roger Marshall [R-KS] | Rep. Steve Womack [R-AR] |
| Rep. Frank Lucas [R-OK] | Rep. Rodney Davis [R-IL] | Rep. Garland Barr [R-KY] | Rep. Peter King [R-NY] |
| Rep. Barry Loudermilk [R-GA] | Sen. Markwayne Mullin [R-OK] | Rep. Jeff Fortenberry [R-NE] | Rep. Robert Latta [R-OH] |
| Rep. Chris Collins [R-NY] | Rep. Ken Buck [R-CO] | Rep. Bill Johnson [R-OH] | Rep. Tom Cole [R-OK] |
| Rep. Steve Stivers [R-OH] | Rep. Lee Zeldin [R-NY] | Rep. Warren Davidson [R-OH] | Rep. Bill Posey [R-FL] |
| Rep. French Hill [R-AR] | Rep. Denver Riggleman [R-VA] | Rep. David Kustoff [R-TN] | Rep. Doug Lamborn [R-CO] |
| Rep. Steve King [R-IA] | Rep. Mike Bost [R-IL] | Rep. John Rose [R-TN] | Rep. Bryan Steil [R-WI] |
| Rep. Robert Wittman [R-VA] | Rep. Paul Gosar [R-AZ] | Rep. Trey Hollingsworth [R-IN] | Rep. Tom Rice [R-SC] |
| Rep. Ann Wagner [R-MO] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-24 | House | Referred to the House Committee on Financial Services. |
| 2019-01-24 | House | Introduced in House |
Subjects
Administrative law and regulatory procedures
Banking and financial institutions regulation
Congressional oversight
Consumer Financial Protection Bureau
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Finance and financial sector
National Credit Union Administration
Banking and financial institutions regulation
Congressional oversight
Consumer Financial Protection Bureau
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Finance and financial sector
National Credit Union Administration
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/741/all-info |
| Text | https://www.congress.gov/116/bills/hr741/BILLS-116hr741ih.pdf |
