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H.R. 1116 (115th): 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.

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Last Updated: Mar 15, 2018
Length: 7 pages
Introduced
Feb 16, 2017
115th Congress, 2017–2019
Status
Died in a previous Congress

This bill was introduced in a previous session of Congress and was passed by the House on March 14, 2018 but was never passed by the Senate.

Source

Position statements

What legislators are saying

During Tipton Questioning, Mulvaney Encourages House to Improve Senate Banking Bill
    — Rep. Scott Tipton [R-CO3] (Sponsor) on Apr 11, 2018

Cramer: house approves financial deregulatory bills
    — Sen. Kevin Cramer [R-ND] (Co-sponsor) on Mar 16, 2018

Shea-Porter to House Republicans: We Cant Go Backwards on Wall Street Reform
    — Rep. Carol Shea-Porter [D-NH1, 2017-2018] on Mar 14, 2018

More statements at ProPublica Represent...

What stakeholders are saying

Institute for Spending Reform SpendingTracker.org estimates H.R. 1116 will add $59 million in new spending through 2027.

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.

H.R. 1116 (115th) was 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.

This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not enacted by the end of a Congress is cleared from the books.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 1116 — 115th Congress: TAILOR Act of 2017.” www.GovTrack.us. 2017. December 14, 2019 <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.