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H.R. 741: 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?


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, or ...

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
Jan 24, 2019
116th Congress (2019–2021)

Introduced on Jan 24, 2019

This bill is in the first stage of the legislative process. It was introduced into Congress on January 24, 2019. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

3% chance of being enacted according to Skopos Labs (details)


Jan 24, 2019

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

If this bill has further action, the following steps may occur next:
Passed Committee

Passed House

Passed Senate

Signed by the President

H.R. 741 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.

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.

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