HR1116: Taking Account of Institutions with Low Operation Risk Act of 2017

By | April 19, 2018
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The Seal of the US Department of Treasury

The Seal of the US Department of Treasury. HR10 would eliminate the Treasuries department of financial research among other financial institution regulatory changes if passed.

Requires federal financial regulators to tailor regulation actions to limit burdens on the institutions being regulated.

Official Summary

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.

Passed House
2018-03-14
Passed Senate
Signed by President
Became Public Law

Amendments

H.Amdt.532: https://www.congress.gov/amendment/115th-congress/house-amendment/532

Sponsors

Original sponsor: Rep. Tipton, Scott R. [R-CO-3]

Cosponsors: Rep. Pittenger, Robert [R-NC-9], Rep. Royce, Edward R. [R-CA-39], Rep. Posey, Bill [R-FL-8], Rep. Williams, Roger [R-TX-25], Rep. Love, Mia B. [R-UT-4], Rep. Loudermilk, Barry [R-GA-11], Rep. Trott, David A. [R-MI-11], Rep. Barr, Andy [R-KY-6], Rep. King, Steve [R-IA-4], Rep. Ross, Dennis A. [R-FL-15], Rep. Tenney, Claudia [R-NY-22], Rep. Latta, Robert E. [R-OH-5], Rep. Poliquin, Bruce [R-ME-2], Rep. Lucas, Frank D. [R-OK-3], Rep. Sanford, Mark [R-SC-1], Rep. Hultgren, Randy [R-IL-14], Rep. Harper, Gregg [R-MS-3], Rep. Kelly, Trent [R-MS-1], Rep. Jenkins, Evan H. [R-WV-3], Rep. Peterson, Collin C. [D-MN-7], Rep. Marshall, Roger W. [R-KS-1], Rep. McKinley, David B. [R-WV-1], Rep. Cramer, Kevin [R-ND-At Large], Rep. Renacci, James B. [R-OH-16], Rep. Bishop, Rob [R-UT-1], Rep. Bacon, Don [R-NE-2], Rep. Emmer, Tom [R-MN-6], Rep. Lewis, Jason [R-MN-2], Rep. King, Peter T. [R-NY-2], Rep. Arrington, Jodey C. [R-TX-19], Rep. DeSantis, Ron [R-FL-6], Rep. Wittman, Robert J. [R-VA-1], Rep. Walz, Timothy J. [D-MN-1], Rep. Coffman, Mike [R-CO-6], Rep. Young, David [R-IA-3], Rep. Noem, Kristi L. [R-SD-At Large], Rep. Johnson, Bill [R-OH-6], Rep. Paulsen, Erik [R-MN-3], Rep. Vela, Filemon [D-TX-34], Rep. Chabot, Steve [R-OH-1], Rep. Gallagher, Mike [R-WI-8], Rep. Babin, Brian [R-TX-36], Rep. Bridenstine, Jim [R-OK-1], Rep. Bost, Mike [R-IL-12], Rep. Buck, Ken [R-CO-4], Rep. Wagner, Ann [R-MO-2], Rep. Rothfus, Keith J. [R-PA-12], Rep. Sessions, Pete [R-TX-32], Rep. Hollingsworth, Trey [R-IN-9], Rep. Smith, Lamar [R-TX-21], Rep. Farenthold, Blake [R-TX-27], Rep. Olson, Pete [R-TX-22], Rep. MacArthur, Thomas [R-NJ-3], Rep. Grothman, Glenn [R-WI-6], Rep. Comstock, Barbara [R-VA-10], Rep. Guthrie, Brett [R-KY-2], Rep. Gosar, Paul A. [R-AZ-4], Rep. Jenkins, Lynn [R-KS-2], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Mullin, Markwayne [R-OK-2], Rep. Rice, Tom [R-SC-7], Rep. Rokita, Todd [R-IN-4], Rep. Russell, Steve [R-OK-5], Rep. Duncan, Jeff [R-SC-3], Rep. Walters, Mimi [R-CA-45], Rep. Webster, Daniel [R-FL-11], Rep. Simpson, Michael K. [R-ID-2], Rep. DesJarlais, Scott [R-TN-4], Rep. Davis, Rodney [R-IL-13], Rep. Messer, Luke [R-IN-6], Rep. Turner, Michael R. [R-OH-10], Rep. Stivers, Steve [R-OH-15], Rep. Lamborn, Doug [R-CO-5], Rep. Walberg, Tim [R-MI-7], Rep. Marino, Tom [R-PA-10], Rep. Tiberi, Patrick J. [R-OH-12], Rep. Duncan, John J., Jr. [R-TN-2], Rep. Fortenberry, Jeff [R-NE-1], Rep. Joyce, David P. [R-OH-14], Rep. Collins, Chris [R-NY-27], Rep. Womack, Steve [R-AR-3], Rep. Graves, Garret [R-LA-6], Rep. Perlmutter, Ed [D-CO-7], Rep. Cole, Tom [R-OK-4], Rep. Gottheimer, Josh [D-NJ-5]
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Votes

Passed House: http://clerk.house.gov/evs/2018/roll108.xml

Read the Bill

Related bill: HRES773 (Related bill)

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