Bill > HR3380

This bill, known as the TAILOR Act of 2025, aims to modify how federal financial regulatory agencies create and implement regulations by requiring them to carefully consider the unique risk profiles and business models of different financial institutions. The bill defines federal financial institutions regulatory agencies as including the Office of the Comptroller of the Currency, Federal Reserve, Federal Deposit Insurance Corporation, National Credit Union Administration, and Consumer Financial Protection Bureau. When creating new regulations, these agencies must now tailor their rules to limit regulatory burdens and costs for specific types of institutions based on their individual risk levels and business approaches. The agencies must also consider how regulations might impact institutions' ability to serve customers and local markets, potential implementation challenges, and the original intent of the underlying statutory provisions. Additionally, the bill requires agencies to disclose how they've applied these tailoring principles in proposed and final rules, submit annual reports to Congress about their regulatory tailoring efforts, and conduct a review of regulations issued in the past 15 years to ensure they meet the new tailoring standards. The bill also includes provisions for creating simplified reporting requirements for community banks and mandates a comprehensive report to Congress on modernizing bank supervision, covering topics such as changing bank business models, examiner training, supervisory technologies, and communication between banks and supervisors.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/3380/all-info