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Financial Regulation Changes: Higher Thresholds for Institutions

This act raises the asset thresholds at which financial institutions become subject to certain regulations. This means smaller banks and financial institutions will have fewer regulatory obligations, potentially impacting the availability and delivery of some financial services.
Key points
Most banks and financial institutions will face less stringent oversight, as the asset threshold increases from $10 billion to $50 billion.
Changes affect consumer supervision, debit card transaction fee rules, bank investment restrictions, and mortgage loan requirements.
Smaller institutions may have more flexibility in offering products, potentially influencing competition in the financial market.
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Status:
Expired
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Additional Information
Print number: 118_HR_6398
Sponsor: Rep. Barr, Andy [R-KY-6]
Process start date: 2023-11-14
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Financial Institution Regulatory Tailoring Enhancement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6398.

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 2023-11-14.

What are the main provisions?

Key points include:

  • Most banks and financial institutions will face less stringent oversight, as the asset threshold increases from $10 billion to $50 billion.
  • Changes affect consumer supervision, debit card transaction fee rules, bank investment restrictions, and mortgage loan requirements.
  • Smaller institutions may have more flexibility in offering products, potentially influencing competition in the financial market.
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. Barr, Andy [R-KY-6].

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 2025-12-25.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy