Bill > HR3230

This bill seeks to increase the asset thresholds for financial institutions from $10 billion to $50 billion across several key regulatory areas. Specifically, it modifies four different areas of financial regulation: Consumer Financial Protection Bureau supervision, Volcker Rule requirements (which restrict banks from certain speculative investments), qualified mortgage requirements, and leverage and risk-based capital requirements. By raising the threshold, fewer financial institutions will be subject to these stringent regulatory standards, potentially reducing compliance burdens for mid-sized banks. The bill aims to provide regulatory relief by exempting smaller and mid-sized financial institutions from some of the more complex and costly regulations that were originally designed for the largest banks. Each amendment changes the asset threshold from $10 billion to $50 billion, effectively expanding the pool of financial institutions that can be considered smaller or less systemically risky and thus subject to less intensive regulatory oversight.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/3230/all-info