TAILOR Act of 2019
- Last Action
- 1/24/2019
Actions
- 2019-01-24Referred to the House Committee on Financial Services.
- 2019-01-24Introduced in House
- 2019-01-24Introduced in House
CRS Summary
As of 2019-01-24 (00)
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.
Cosponsors (20)
- Ted Budd (R-NC)
- Roger Marshall (R-KS)
- Steve Womack (R-AR)
- FRANK LUCAS (R-OK)
- Rodney Davis (R-IL)
- Andy Barr (R-KY)
- PETER KING (R-NY)
- Barry Loudermilk (R-GA)
- Markwayne Mullin (R-OK)
- Jeff Fortenberry (R-NE)
- Robert Latta (R-OH)
- Chris Collins (R-NY)
- Ken Buck (R-CO)
- Bill Johnson (R-OH)
- Tom Cole (R-OK)
- Steve Stivers (R-OH)
- Lee Zeldin (R-NY)
- Warren Davidson (R-OH)
- Bill Posey (R-FL)
- J. Hill (R-AR)
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
- National Credit Union Administration
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.