TAILOR Act of 2017
- Last Action
- 7/13/2017
Actions
- 2017-07-13Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
- 2017-06-22Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-82.
- 2017-06-08Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81.
- 2017-02-13Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2017-02-13Introduced in Senate
CRS Summary
As of 2017-02-13 (00)
Taking Account of Institutions with Low Operation Risk Act of 2017 or the TAILOR Act of 2017
This bill requires federal financial regulatory agencies to: (1) in general, tailor a regulatory action so as to limit the regulatory impact and other 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 requirements apply not only to future regulatory actions but also to regulations adopted on or after July 21, 2010.
Cosponsors (9)
- Deb Fischer (R-NE)
- Joni Ernst (R-IA)
- David Perdue (R-GA)
- Cory Gardner (R-CO)
- John Barrasso (R-WY)
- John Boozman (R-AR)
- ORRIN HATCH (R-UT)
- Steve Daines (R-MT)
- Jim Inhofe (R-OK)
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.