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H.R. 1116: TAILOR Act of 2017

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About the bill

Source: Republican Policy Committee

H.R. 1116 moves federal financial regulatory agencies that regulate financial institutions away from a static or one-size-fits-all approach when implementing regulations. Specifically, the bill requires the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Consumer Financial Protection Bureau to take risk profiles and business models of institutions into account when taking regulatory actions.

The bill requires the federal financial institutions regulatory agencies to take into consideration the risk profile and ...

Sponsor and status

Scott Tipton

Sponsor. Representative for Colorado's 3rd congressional district. Republican.

Read Text »
Last Updated: Mar 15, 2018
Length: 7 pages
Introduced:

Feb 16, 2017

Status:

Passed House (Senate next) on Mar 14, 2018

This bill passed in the House on March 14, 2018 and goes to the Senate next for consideration.

Prognosis:

19% chance of being enacted according to Skopos Labs (details)

History

Feb 16, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Oct 11, 2017
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Oct 12, 2017
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Mar 6, 2018
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Mar 7, 2018
 
On House Schedule

The House indicated that this bill would be considered in the week ahead.

Mar 14, 2018
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 1116 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

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“H.R. 1116 — 115th Congress: TAILOR Act of 2017.” www.GovTrack.us. 2017. September 22, 2018 <https://www.govtrack.us/congress/bills/115/hr1116>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.