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Tailoring Financial Regulations to Institutions' Risk Profiles

This new law requires financial agencies to adapt regulations based on an institution's size and business model, potentially reducing regulatory burdens for smaller banks and credit unions. The aim is to help them better serve customers and adapt to evolving needs, potentially leading to improved access to financial services for citizens.
Key points
Financial agencies must consider an institution's risk profile and business model when creating regulations, potentially leading to less stringent rules for smaller entities.
Regulations are to be tailored to limit costs and burdens for institutions, which could translate to lower fees or better terms for customers.
Agencies will need to publicly explain how they tailored regulations and regularly report to Congress on their actions.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_766
Sponsor: Rep. Loudermilk, Barry [R-GA-11]
Process start date: 2021-02-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

TAILOR Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_766.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-03.

What are the main provisions?

Key points include:

  • Financial agencies must consider an institution's risk profile and business model when creating regulations, potentially leading to less stringent rules for smaller entities.
  • Regulations are to be tailored to limit costs and burdens for institutions, which could translate to lower fees or better terms for customers.
  • Agencies will need to publicly explain how they tailored regulations and regularly report to Congress on their actions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Loudermilk, Barry [R-GA-11].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy