Bill > S427

This bill, known as the TAILOR Act of 2025, aims to require federal financial regulatory agencies (including the Office of the Comptroller of the Currency, Federal Reserve, FDIC, National Credit Union Administration, and Consumer Financial Protection Bureau) to consider the unique risk profiles and business models of financial institutions when developing and implementing regulations. The bill mandates that these agencies tailor their regulatory actions to limit the impact, cost, and administrative burden on different types of institutions based on their specific characteristics. Agencies must consider the overall impact of regulations on institutions' ability to serve customers and local markets, potential implementation challenges, and the original congressional intent behind the regulations. The bill requires agencies to disclose how they have applied these tailoring principles in proposed and final rulemakings and to submit annual reports to Congress detailing their specific actions. Additionally, the bill requires agencies to review regulations issued in the past seven years and revise them within three years to align with the new tailoring approach. The bill also includes provisions for simplified reporting requirements for community banks and mandates a comprehensive report to Congress on modernizing bank supervision, covering topics such as changing business models, examiner training, supervisory technology, and communication strategies.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/427/all-info