HR 1116
115th Congress
House
Finance and Financial Sector
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
TAILOR Act of 2017
Introduced: February 16, 2017
See on congress.gov
Everywhere this bill has been
20 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 15, 2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 14, 2018
Motion to reconsider laid on the table Agreed to without objection.
Mar 14, 2018
On passage Passed by the Yeas and Nays: 247 - 169 (Roll no. 108). (text: CR H1576)
Mar 14, 2018
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 247 - 169 (Roll no. 108).(text: CR H1576)
Mar 14, 2018
On motion to recommit with instructions Failed by the Yeas and Nays: 182 - 232 (Roll no. 107).
Mar 14, 2018
The previous question on the motion to recommit with instructions was ordered without objection.
Mar 14, 2018
DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to insert on page 3, line 22 ", unless such tailoring is done at the request of and for the personal gain of the President, his or her immediate family members, or senior Executive Branch officials who are required to file annual financial disclosure forms, or is otherwise determined inappropriate by the appropriate Federal financial regulator" before the period at the end.
Mar 14, 2018
Mr. Connolly moved to recommit with instructions to the Committee on Financial Services. (text: CR H1583)
Mar 14, 2018
The previous question was ordered pursuant to the rule.
Mar 14, 2018
DEBATE - The House proceeded with one hour of debate on H.R. 1116.
Mar 14, 2018
Rule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure.
Mar 14, 2018
Considered under the provisions of rule H. Res. 773. (consideration: CR H1576-1585)
Mar 13, 2018
Rules Committee Resolution H. Res. 773 Reported to House. Rule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure.
Mar 6, 2018
Placed on the Union Calendar, Calendar No. 446.
Mar 6, 2018
Reported by the Committee on Financial Services. H. Rept. 115-588.
Oct 12, 2017
Ordered to be Reported by the Yeas and Nays: 39 - 21.
Oct 12, 2017
Committee Consideration and Mark-up Session Held.
Oct 11, 2017
Committee Consideration and Mark-up Session Held.
Feb 16, 2017
Referred to the House Committee on Financial Services.
Feb 16, 2017
Introduced in House
Votes taken on this bill
2
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Mar 14, 2018 | House · vote #108 | On Passage | Passed | 247–169 | See who voted → |
| Mar 14, 2018 | House · vote #107 | On Motion to Recommit with Instructions | Failed | 182–232 | See who voted → |
Plain-English summary
Taking Account of Institutions with Low Operation Risk Act of 2017 or the TAILOR Act of 2017
(Sec. 2) 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.
(Sec. 3) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.
What's happening now
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
2