118th Congress Finance and Financial Sector
H.R. 6398: Financial Institution Regulatory Tailoring Enhancement Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill increases several different asset levels which determine the applicability of specific regulations to financial institutions.
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 also raises the asset level below which debit card issuers are exempt from interchange transaction fee regulations.
Read the full summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Daniel Meuser R-PA
Who scored on this bill
No member has earned points from it yet.
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Garland Barr
- H.R. 10184: Consumer Financial Protection Accountability and Reform Act of 2026
- H.R. 1653: Civil Investigative Demand Reform Act of 2025
- H.R. 5929: Critical Minerals Supply Chain Resiliency Act of 2026
- H.R. 7056: Community Bank Regulatory Tailoring Act
- H.R. 6552: Bank-Fintech Partnership Enhancement Act
- H.R. 6553: TIER Act of 2025
History
- Introduced in the House by Garland Barr.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.