HR3230Referred to Committee

Financial Institution Regulatory Tailoring Enhancement Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-05-07
Introduced
2
Cosponsors
HR
ⓘ
Type

Sponsor

Andy Barr
Andy Barr
Republican · KY · Representative
Votes with party: 98.9% (625 recorded votes)

Full profile: /officials/B001282

Source: Congress.gov · FEC

Cosponsors (2)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

2 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Placed on the Union Calendar, Calendar No. 132.

2025-06-20

Source: Congress.gov

Committee Activity

Currently in

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Plain-English Summary

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.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Finance and Financial Sector
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