H.R. 3230 · 119th Congress
Financial Institution Regulatory Tailoring Enhancement Act
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R
BarrSponsor2 cosponsors · 2 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill limits the regulations applicable to certain financial institutions by increasing several different asset levels.
What it does: CRS summary · Introduced in House · May 7, 2025
Financial Institution Regulatory Tailoring Enhancement Act
This bill limits the regulations applicable to certain financial institutions by increasing several different asset levels.
The bill raises the asset level above which insured depository institutions and credit unions become subject to supervision by the Consumer Financial Protection Bureau for purposes of compliance with consumer financial laws and for risk assessments of products and services.
The bill raises the asset level above which banks must comply with the Volcker Rule, which prohibits banks from proprietary trading and having an ownership interest in private funds.
The bill raises the asset level below which financial institutions must comply with less prescriptive ability-to-repay determinations for residential mortgages.
Finally, the bill raises the asset level below which certain depository institutions and depository institution holding companies qualify as community banks and are therefore subject to a simplified leverage ratio.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Financial Institution Regulatory Tailoring Enhancement Act
Latest action (Jun 20, 2025): Placed on the Union Calendar, Calendar No. 132.
Policy area: Finance and Financial Sector · Origin: House · Introduced: May 7, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.