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: May 25, 2017 See on congress.gov

Everywhere this bill has been 19 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

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 →

Amendments to this bill 1

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

Amendment	Sponsor	Purpose	Status	Latest action
HAMDT 532	—	Pursuant to the provisions of H.Res. 773, the amendment printed in part C of the report of the Committee on R…	Pending	—

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Plain-English summary Congressional Research Service

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 March 15, 2018

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Related & companion bills 4

Bill text 4 versions

Engrossed in House Formatted Text PDF Formatted XML
Introduced in House Formatted Text PDF Formatted XML
Referred in Senate Formatted Text PDF Formatted XML
Reported in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 2

Financial Services Committee
House of Representatives
Banking, Housing, and Urban Affairs Committee
Senate

Cosponsors 60

Gottheimer, Josh

New Jersey · Oct 12, 2017

Cole, Tom

Oklahoma · Oct 3, 2017

Arkansas · Jul 18, 2017

Michigan · Jun 27, 2017

DesJarlais, Scott

Tennessee · Jun 26, 2017

Florida · Jun 26, 2017

Arizona · Jun 21, 2017

Grothman, Glenn

Wisconsin · Jun 21, 2017

Guthrie, Brett

Kentucky · Jun 21, 2017

Missouri · May 25, 2017

Babin, Brian

Texas · May 19, 2017

Bost, Mike

Illinois · May 19, 2017

Virginia · Apr 5, 2017

Minnesota · Mar 28, 2017

Bacon, Don

Nebraska · Mar 23, 2017

Cramer, Kevin

North Dakota · Mar 22, 2017

Jenkins, Evan

· Mar 22, 2017

Marshall, Roger

Kansas · Mar 22, 2017

Mississippi · Mar 21, 2017

Lucas, Frank D.

Oklahoma · Mar 16, 2017

Poliquin, Bruce

· Mar 16, 2017

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APA

U.S. Congress. (2026). H.R. 1116: TAILOR Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-1116/

MLA

"H.R. 1116: TAILOR Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-1116/.

Bluebook (legal)

H.R. 1116, 115th Cong. (2026), https://openamerica.io/bill/115-HR-1116/.

Markdown link

[H.R. 1116: TAILOR Act of 2017](https://openamerica.io/bill/115-HR-1116/)