Federal agencies would tailor bank rules to fit different types of financial institutions.
This bill, called the TAILOR Act, would require federal agencies that oversee banks and credit unions to create rules that consider the risk profile and business models of each institution. This means smaller banks and credit unions could face fewer burdens, and all banks eligible for the Community Bank Leverage Ratio would get simpler financial reports. Agencies would also review past rules to apply these new tailoring ideas.
Today, federal agencies don't have a specific legal requirement to tailor their rules based on a bank's risk or business model. Many banks, including community banks, submit full financial reports multiple times a year. If this bill passes, agencies would be required to tailor new rules and review old ones based on risk and business models, potentially reducing burdens. Community banks would also get to use shorter financial reports for two annual submissions.
HR 3380 · 119th Congress · May 14, 2025 · AI Summary by gemini-2.5-flash · 9/10
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13 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.