H.R. 766 117th Congress House

TAILOR Act

Official title: To require the Federal financial institutions regulatory agencies to take risk profiles and business models of institutions into account when taking regulatory actions, and for other purposes.

Introduced: February 3, 2021 Introduced by: Barry Loudermilk Republican · Georgia See on congress.gov

Finance and Financial Sector Administrative law and regulatory proceduresBanking and financial institutions regulationCongressional oversightConsumer Financial Protection Bureau

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Department of the TreasuryFederal Deposit Insurance Corporation (FDIC)Federal Reserve SystemNational Credit Union Administration

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 3, 2021

Referred to the House Committee on Financial Services.

Feb 3, 2021

Introduced in House

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Latest action February 3, 2021

Referred to the House Committee on Financial Services.

Plain-English summary Congressional Research Service

Taking Account of Institutions with Low Operation Risk Act or the TAILOR Act

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.

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Bill text 1 version