3.0.0 2896 2023-01-11T13:30:50Z 2023-01-11T13:30:50Z House HR 2015-06-25 114 [Congressional Record Volume 161, Number 103 (Thursday, June 25, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. TIPTON:H.R. 2896.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3: ``The Congress shall havepower . . . To regulate commerce with foreign nations, andamong the several states, and with the Indian Tribes.''[Page H4772]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Hearings by 2015-10-21T14:25:19Z Reported by 2016-12-12T21:44:43Z Markup by 2016-03-02T14:14:27Z Referred to 2015-06-25T13:03:35Z H. Rept. 114-870 TAILOR Act of 2016 114 3153 S 2016-07-11 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2016-12-12 Placed on the Union Calendar, Calendar No. 680. Calendars H12410 2 House floor actions U00680 2016-12-12 Reported by the Committee on Financial Services. H. Rept. 114-870. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2016-12-12 Reported by the Committee on Financial Services. H. Rept. 114-870. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2016-03-02 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 34 - 22. Committee 2016-03-02 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2015-10-21 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. Committee 2015-06-25 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-06-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-06-25 Introduced in House IntroReferral 1000 9 Library of Congress T000470 Rep. Tipton, Scott R. [R-CO-3] Scott Tipton R CO R. 3 N B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2015-06-25 True F000460 Rep. Farenthold, Blake [R-TX-27] Blake Farenthold R TX 27 2015-07-09 False B001294 Rep. Blum, Rod [R-IA-1] Rod Blum R IA 1 2015-07-10 False C001077 Rep. Coffman, Mike [R-CO-6] Mike Coffman R CO 6 2015-07-10 False W000820 Rep. Walters, Mimi [R-CA-45] Mimi Walters R CA 45 2015-07-10 False J000290 Rep. Jenkins, Lynn [R-KS-2] Lynn Jenkins R KS 2 2015-07-22 False E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2015-07-22 False B001283 Rep. Bridenstine, Jim [R-OK-1] Jim Bridenstine R OK 1 2015-07-22 False K000376 Rep. Kelly, Mike [R-PA-3] Mike Kelly R PA 3 2015-07-22 False C001045 Rep. Crenshaw, Ander [R-FL-4] ANDER CRENSHAW R FL 4 2015-07-22 False C001096 Rep. Cramer, Kevin [R-ND-At Large] Kevin Cramer R ND 0 2015-07-22 False M001180 Rep. McKinley, David B. [R-WV-1] David McKinley R WV B. 1 2015-07-22 False P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 2015-07-22 False P000611 Rep. Poliquin, Bruce [R-ME-2] Bruce Poliquin R ME 2 2015-07-22 False G000565 Rep. Gosar, Paul A. [R-AZ-4] Paul Gosar R AZ A. 4 2015-07-22 False P000602 Rep. Pompeo, Mike [R-KS-4] Mike Pompeo R KS 4 2015-07-22 False R000604 Rep. Russell, Steve [R-OK-5] Steve Russell R OK 5 2015-07-22 False C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2015-07-22 False H001060 Rep. Hurt, Robert [R-VA-5] Robert Hurt R VA 5 2015-07-22 False S001172 Rep. Smith, Adrian [R-NE-3] Adrian Smith R NE 3 2015-07-23 False Y000066 Rep. Young, David [R-IA-3] David Young R IA 3 2015-07-23 False T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 2015-07-28 False D000614 Rep. Duffy, Sean P. [R-WI-7] Sean Duffy R WI P. 7 2015-09-11 False M001190 Rep. Mullin, Markwayne [R-OK-2] Markwayne Mullin R OK 2 2015-09-11 False K000363 Rep. Kline, John [R-MN-2] John Kline R MN 2 2015-09-11 False D000616 Rep. DesJarlais, Scott [R-TN-4] Scott DesJarlais R TN 4 2015-09-11 False D000533 Rep. Duncan, John J., Jr. [R-TN-2] JOHN DUNCAN R TN J. 2 2015-09-11 False P000594 Rep. Paulsen, Erik [R-MN-3] Erik Paulsen R MN 3 2015-09-11 False W000798 Rep. Walberg, Tim [R-MI-7] Tim Walberg R MI 7 2015-09-30 False B001260 Rep. Buchanan, Vern [R-FL-16] Vern Buchanan R FL 16 2015-09-30 False R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2015-09-30 False M000689 Rep. Mica, John L. [R-FL-7] JOHN MICA R FL L. 7 2015-10-07 False B001297 Rep. Buck, Ken [R-CO-4] Ken Buck R CO 4 2015-10-08 False B001274 Rep. Brooks, Mo [R-AL-5] Mo Brooks R AL 5 2015-10-20 False L000571 Rep. Lummis, Cynthia M. [R-WY-At Large] Cynthia Lummis R WY M. 0 2015-10-20 False L000584 Rep. Love, Mia B. [R-UT-4] Mia Love R UT B. 4 2015-10-20 False F000458 Rep. Fincher, Stephen Lee [R-TN-8] Stephen Fincher R TN Lee 8 2015-10-20 False P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2015-10-23 False P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 2015-10-23 False L000564 Rep. Lamborn, Doug [R-CO-5] Doug Lamborn R CO 5 2015-10-26 False A000369 Rep. Amodei, Mark E. [R-NV-2] Mark Amodei R NV E. 2 2015-10-26 False J000295 Rep. Joyce, David P. [R-OH-14] David Joyce R OH P. 14 2015-10-28 False F000451 Rep. Fitzpatrick, Michael G. [R-PA-8] Michael Fitzpatrick R PA G. 8 2015-11-02 False S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2015-11-02 False W000806 Rep. Webster, Daniel [R-FL-10] Daniel Webster R FL 10 2015-11-05 False N000189 Rep. Newhouse, Dan [R-WA-4] Dan Newhouse R WA 4 2015-11-16 False C001105 Rep. Comstock, Barbara [R-VA-10] Barbara Comstock R VA 10 2015-11-16 False J000296 Rep. Jolly, David W. [R-FL-13] David Jolly R FL W. 13 2015-11-18 False A000373 Rep. Ashford, Brad [D-NE-2] Brad Ashford D NE 2 2015-12-01 False S000244 Rep. Sensenbrenner, F. James, Jr. [R-WI-5] F. SENSENBRENNER R WI JAMES 5 2015-12-08 False F000449 Rep. Fortenberry, Jeff [R-NE-1] Jeff Fortenberry R NE 1 2015-12-09 False T000238 Rep. Thornberry, Mac [R-TX-13] WILLIAM THORNBERRY R TX M. 13 2015-12-11 False L000491 Rep. Lucas, Frank D. [R-OK-3] FRANK LUCAS R OK D. 3 2015-12-11 False J000292 Rep. Johnson, Bill [R-OH-6] Bill Johnson R OH 6 2015-12-11 False C001062 Rep. Conaway, K. Michael [R-TX-11] K. Conaway R TX Michael 11 2015-12-15 False D000615 Rep. Duncan, Jeff [R-SC-3] Jeff Duncan R SC 3 2015-12-17 False E000291 Rep. Ellmers, Renee L. [R-NC-2] Renee Ellmers R NC L. 2 2016-02-23 False C000266 Rep. Chabot, Steve [R-OH-1] STEVE CHABOT R OH 1 2016-02-26 False R000586 Rep. Renacci, James B. [R-OH-16] James Renacci R OH B. 16 2016-02-29 False W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 2016-03-01 False B001255 Rep. Boustany, Charles W., Jr. [R-LA-3] Charles Boustany R LA W. 3 2016-03-01 False A000374 Rep. Abraham, Ralph Lee [R-LA-5] Ralph Abraham R LA Lee 5 2016-03-01 False B001295 Rep. Bost, Mike [R-IL-12] Mike Bost R IL 12 2016-03-01 False K000210 Rep. King, Peter T. [R-NY-2] PETER KING R NY T. 2 2016-03-01 False G000558 Rep. Guthrie, Brett [R-KY-2] Brett Guthrie R KY 2 2016-03-01 False D000619 Rep. Davis, Rodney [R-IL-13] Rodney Davis R IL 13 2016-03-01 False L000566 Rep. Latta, Robert E. [R-OH-5] Robert Latta R OH E. 5 2016-03-01 False R000598 Rep. Rothfus, Keith J. [R-PA-12] Keith Rothfus R PA J. 12 2016-03-02 False M001144 Rep. Miller, Jeff [R-FL-1] Jeff Miller R FL 1 2016-03-02 False C001092 Rep. Collins, Chris [R-NY-27] Chris Collins R NY 27 2016-03-14 False T000463 Rep. Turner, Michael R. [R-OH-10] Michael Turner R OH R. 10 2016-03-14 False G000577 Rep. Graves, Garret [R-LA-6] Garret Graves R LA 6 2016-03-14 False J000297 Rep. Jenkins, Evan H. [R-WV-3] Evan Jenkins R WV H. 3 2016-03-15 False W000814 Rep. Weber, Randy K., Sr. [R-TX-14] Randy Weber R TX K. 14 2016-03-16 False H001057 Rep. Huelskamp, Tim [R-KS-1] Tim Huelskamp R KS 1 2016-03-16 False R000487 Rep. Royce, Edward R. [R-CA-39] ED ROYCE R CA 39 2016-03-16 False G000570 Rep. Guinta, Frank C. [R-NH-1] Frank Guinta R NH C. 1 2016-03-16 False O000168 Rep. Olson, Pete [R-TX-22] Pete Olson R TX 22 2016-03-16 False S001154 Rep. Shuster, Bill [R-PA-9] Bill Shuster R PA 9 2016-03-16 False P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 2016-03-16 False S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2016-03-17 False M001179 Rep. Marino, Tom [R-PA-10] Tom Marino R PA 10 2016-03-22 False W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2016-03-22 False P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2016-03-22 False S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 2016-03-22 False M001182 Rep. Mulvaney, Mick [R-SC-5] Mick Mulvaney R SC 5 2016-03-22 False H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2016-03-22 False N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 2016-03-22 False G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2016-03-22 False S001188 Rep. Stutzman, Marlin A. [R-IN-3] Marlin Stutzman R IN A. 3 2016-03-22 False R000597 Rep. Rice, Tom [R-SC-7] Tom Rice R SC 7 2016-03-22 False W000413 Rep. Whitfield, Ed [R-KY-1] EDWARD WHITFIELD R KY 1 2016-03-22 False M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2016-03-22 False L000567 Rep. Lance, Leonard [R-NJ-7] Leonard Lance R NJ 7 2016-03-22 False K000388 Rep. Kelly, Trent [R-MS-1] Trent Kelly R MS 1 2016-03-23 False C001051 Rep. Carter, John R. [R-TX-31] John Carter R TX R. 31 2016-03-23 False F000461 Rep. Flores, Bill [R-TX-17] Bill Flores R TX 17 2016-03-23 False C000059 Rep. Calvert, Ken [R-CA-42] KEN CALVERT R CA 42 2016-03-23 False Y000065 Rep. Yoho, Ted S. [R-FL-3] Ted Yoho R FL S. 3 2016-03-23 False S000051 Rep. Sanford, Mark [R-SC-1] Mark Sanford R SC 1 2016-03-23 False Z000018 Rep. Zinke, Ryan K. [R-MT-At Large] Ryan Zinke R MT K. 0 2016-04-12 False M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2016-04-12 False F000445 Rep. Forbes, J. Randy [R-VA-4] J. Forbes R VA Randy 4 2016-04-14 False S001196 Rep. Stefanik, Elise M. [R-NY-21] Elise Stefanik R NY M. 21 2016-04-14 False M001151 Rep. Murphy, Tim [R-PA-18] Tim Murphy R PA 18 2016-04-26 False G000576 Rep. Grothman, Glenn [R-WI-6] Glenn Grothman R WI 6 2016-04-26 False H001067 Rep. Hudson, Richard [R-NC-8] Richard Hudson R NC 8 2016-04-26 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2016-04-27 False S001148 Rep. Simpson, Michael K. [R-ID-2] MICHAEL SIMPSON R ID K. 2 2016-05-11 False H001071 Rep. Hice, Jody B. [R-GA-10] Jody Hice R GA B. 10 2016-05-23 False B001291 Rep. Babin, Brian [R-TX-36] Brian Babin R TX 36 2016-06-09 False W000799 Rep. Walz, Timothy J. [D-MN-1] Timothy Walz D MN J. 1 2016-06-15 False R000592 Rep. Rokita, Todd [R-IN-4] Todd Rokita R IN 4 2016-09-26 False 2016-07-07T16:42:26Z H.R. 2896, TAILOR Act https://www.cbo.gov/publication/51782 As ordered reported by the House Committee on Financial Services on March 2, 2016 Finance and Financial Sector 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 National Credit Union Administration Finance and Financial Sector 00 2015-06-25 Introduced in House 2015-12-14T17:55:57Z Taking Account of Institutions with Low Operation Risk Act of 2015 or the TAILOR Act of 2015

This bill directs the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Consumer Financial Protection Bureau (federal financial institutions regulatory agencies) to:

  • take into consideration the risk profile and business models of institutions subject to regulatory action;
  • determine the necessity, appropriateness, and impact of applying that action to such institutions; and
  • tailor regulatory action so as to limit the burden of regulatory compliance as befits the risk profile and business model involved.

The federal financial institutions regulatory agencies shall also consider:

  • the impact that such regulatory action has upon the ability of the institution to flexibly serve evolving and diverse customer needs,
  • the potential unintended impact of examination manuals or other regulatory directives that work in conflict with the tailoring of such regulatory action, and
  • the underlying policy objectives of the regulatory action and statutory scheme involved.

In addition, a federal financial institutions regulatory agency must disclose in every notice of a proposed and final rulemaking for a regulatory action how it has applied this Act.

The Financial Institutions Examination Council shall report to Congress on the extent to which regulatory actions tailored pursuant to this Act result in differential regulation of similarly-situated institutions of diverse charter types with respect to comparable regulations.

The agencies must also apply the requirements of this Act to all regulations adopted five years before the introduction of this Act and ending on the date of its enactment.

]]> 79 2016-12-12 Reported to House without amendment 2016-12-27T20:10:42Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Taking Account of Institutions with Low Operation Risk Act of 2015 or the TAILOR Act of 2015

(Sec. 2) This bill directs the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Consumer Financial Protection Bureau (federal financial institutions regulatory agencies) to:

  • take into consideration the risk profile and business models of institutions subject to regulatory action;
  • determine the necessity, appropriateness, and impact of applying that action to such institutions; and
  • tailor regulatory action so as to limit the burden of regulatory compliance as befits the risk profile and business model involved.

The federal financial institutions regulatory agencies shall also consider:

  • the impact that such regulatory action has upon the ability of the institution to flexibly serve evolving and diverse customer needs,
  • the potential unintended impact of examination manuals or other regulatory directives that work in conflict with the tailoring of such regulatory action, and
  • the underlying policy objectives of the regulatory action and statutory scheme involved.

In addition, a federal financial institutions regulatory agency must disclose in every notice of a proposed and final rulemaking for a regulatory action how it has applied this bill.

The Financial Institutions Examination Council shall report to Congress on the extent to which regulatory actions tailored pursuant to this bill result in differential regulation of similarly-situated institutions of diverse charter types with respect to comparable regulations.

The agencies must also apply the requirements of this bill to all regulations adopted five years before the introduction of this bill and ending on the date of its enactment.

]]> TAILOR Act of 2015 Display Title TAILOR Act of 2015 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. Introduced in House IH Short Titles as Reported to House TAILOR Act of 2015 H House Short Titles as Reported to House Taking Account of Institutions with Low Operation Risk Act of 2015 H House Short Titles as Introduced TAILOR Act of 2015 Short Titles as Introduced Taking Account of Institutions with Low Operation Risk Act of 2015 Reported in House 2016-12-12T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr2896rh/xml/BILLS-114hr2896rh.xml Introduced in House 2015-06-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr2896ih/xml/BILLS-114hr2896ih.xml 2016-12-12 Placed on the Union Calendar, Calendar No. 680. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.