119th Congress Finance and Financial Sector
H.R. 3230: Financial Institution Regulatory Tailoring Enhancement Act
Reported
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill limits the regulations applicable to certain financial institutions by increasing several different asset levels.
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 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.
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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-PAOriginal
- Pete Sessions R-TX
Who scored on this bill
- 1Garland Barr SponsorIntroduced, marked up, reported3 events+32
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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 (6 actions)
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-165.
- Placed on the Union Calendar, Calendar No. 132.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 23.
- Introduced in House
- Referred to the House Committee on Financial Services.