Bill > HR6398

This bill, the Financial Institution Regulatory Tailoring Enhancement Act, aims to increase the asset thresholds at which financial institutions become subject to certain regulatory requirements. Specifically, it raises the asset threshold from $10 billion to $50 billion for the following provisions: Bureau supervision under the Consumer Financial Protection Act, Durbin Amendment requirements on debit card interchange fees, Volcker Rule restrictions on proprietary trading, qualified mortgage requirements under the Truth in Lending Act, and leverage and risk-based capital requirements under the Economic Growth, Regulatory Relief, and Consumer Protection Act. This change is intended to provide regulatory relief for mid-sized financial institutions that have grown in size but may not pose the same systemic risks as the largest banks.