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H.R. 741 (116th): TAILOR Act of 2019

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About the bill

Do existing rules meant to police Wall Street inadvertently hurt small local banks too much?

Context

Community banks’ share of U.S. banking fell more than 40% from 1994 to 2015. Why?

Many critics point a finger to the law enacted in the wake of the Great Recession, the Dodd-Frank Wall Street Reform and Protection Act of 2010, and subsequent executive branch regulations enacted under its authority. (Even though the bulk of community banks’ fall actually seems to have occurred prior to 2008.)

They contend that because many of these regulations apply to all banks or financial institutions, the largest — with their far larger employees and teams of lawyers — are in better positions to comply. The smaller institutions, which can’t cope as easily, become forced to downsize, consolidate, …

Sponsor and status

Scott Tipton

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

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Last Updated: Jan 24, 2019
Length: 6 pages
Introduced
Jan 24, 2019
116th Congress (2019–2021)
Status
Died in a previous Congress

This bill was introduced on January 24, 2019, in a previous session of Congress, but it did not receive a vote.

Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).

Cosponsors

32 Cosponsors (32 Republicans)

Source

History

Jan 24, 2019
 
Introduced

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

H.R. 741 (116th) 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.

Bills numbers restart every two years. That means there are other bills with the number H.R. 741. This is the one from the 116th Congress.

This bill was introduced in the 116th Congress, which met from Jan 3, 2019 to Jan 3, 2021. Legislation not passed by the end of a Congress is cleared from the books.

How to cite this information.

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“H.R. 741 — 116th Congress: TAILOR Act of 2019.” www.GovTrack.us. 2019. December 7, 2021 <https://www.govtrack.us/congress/bills/116/hr741>

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.