Requires federal financial regulators to tailor regulation actions to limit burdens on the institutions being regulated.
Taking Account of Institutions with Low Operation Risk Act of 2017 or the TAILOR Act of 2017
This bill requires federal financial regulatory agencies to: (1) tailor any regulatory actions so as to limit burdens on the institutions involved, with consideration of the risk profiles and business models of those institutions; and (2) report to Congress on specific actions taken to do so, as well as on other related issues. The bill’s tailoring requirement applies not only to future regulatory actions but also to regulations adopted within the last seven years.
Original sponsor: Rep. Tipton, Scott R. [R-CO-3]
Passed House: http://clerk.house.gov/evs/2018/roll108.xml
Related bill: HRES773 (Related bill)