H.R. 741

Referred to Committee

TAILOR Act of 2019

Introduced 1/24/2019•116th Congress•House

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Latest Action

Referred to the House Committee on Financial Services.

1/24/2019 • House

Summary

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.

Introduced in House • 1/24/2019

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Topics & Subjects

Policy Area: Finance and Financial Sector

Administrative law and regulatory proceduresBanking and financial institutions regulationCongressional oversightConsumer Financial Protection BureauDepartment of the TreasuryFederal Deposit Insurance Corporation (FDIC)Federal Reserve SystemNational Credit Union Administration