Financial Institution Regulatory Tailoring Enhancement Act
House Committee Advances Bill to Shield Mid-Size Banks From Key Federal Rules, Raising Asset Threshold to $50B
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- Raises the cutoff for some major bank rules from $10 billion in assets to $50 billion.
- Banks under $50 billion would face less direct oversight from the federal consumer finance watchdog.
- Banks under $50 billion would also be exempt from certain trading limits, mortgage rule requirements, and some capital-related requirements tied to the old $10 billion line.
- This mainly affects mid-sized banks and credit providers; customers may see fewer compliance-driven changes, but it could also reduce some protections and checks on risk at those firms.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Milestones
Placed on the Union Calendar, Calendar No. 132.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-165.
Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 23.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Votes
No votes have been recorded for this legislation yet.
Related News
2 articles
House committee advances multiple banking-related bills
Coverage of House Financial Services Committee advancing H.R. 3230, which raises multiple regulatory thresholds from $10B to $50B (CFPB supervision, Volcker Rule, qualified mortgage standards, certain capital/leverage requirements).
Regulatory relief bills pass House Financial Services Committee
Trade-association recap noting H.R. 3230 advanced in committee; highlights the $10B→$50B threshold change across several banking and consumer-finance regulatory regimes.
Source Information
Document Type
Congressional Bill
Official Title
Financial Institution Regulatory Tailoring Enhancement Act
Data Sources
Sponsor
Cosponsors
(2)Analysis generated by AI. Always verify with official sources.