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Bill115th CongressFiled Feb 16, 2017Finance and Financial Sector
H.R. 1116

Taking Account of Institutions with Low Operation Risk Act of 2017

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Mar 14, 2018)

Taking Account of Institutions with Low Operation Risk Act of 2017 or the TAILOR Act of 2017

(Sec. 2) This bill requires federal financial regulatory agencies to: (1) tailor any regulatory actions so as to limit burdens on the institutions involved, with consideration of the risk profiles and business models of those institutions; and (2) report to Congress on specific actions taken to do so, as well as on other related issues. The bill's tailoring requirement applies not only to future regulatory actions but also to regulations adopted within the last seven years.

(Sec. 3) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.

What just happenedMar 15, 2018

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Tipton, Scott R. [R-CO-3](R-CO)Sponsor
85 cosponsors5 D80 R
Read on Congress.gov
85cosponsors2committees22actions1amendments4related bills8subjects
  1. Mar 15, 2018IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Mar 14, 2018FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Mar 14, 2018FloorH37100

    On passage Passed by the Yeas and Nays: 247 - 169 (Roll no. 108). (text: CR H1576)

  4. Mar 14, 2018Floor8000

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 247 - 169 (Roll no. 108).(text: CR H1576)

  5. Mar 14, 2018FloorH36110

    On motion to recommit with instructions Failed by the Yeas and Nays: 182 - 232 (Roll no. 107).

    Financial Services Committee
  6. Mar 14, 2018FloorH8A000

    The previous question on the motion to recommit with instructions was ordered without objection.

  7. Mar 14, 2018FloorH8D000

    DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to insert on page 3, line 22 ", unless such tailoring is done at the request of and for the personal gain of the President, his or her immediate family members, or senior Executive Branch officials who are required to file annual financial disclosure forms, or is otherwise determined inappropriate by the appropriate Federal financial regulator" before the period at the end.

  8. Mar 14, 2018FloorH36100

    Mr. Connolly moved to recommit with instructions to the Committee on Financial Services. (text: CR H1583)

    Financial Services Committee
  9. Mar 14, 2018FloorH35000

    The previous question was ordered pursuant to the rule.

  10. Mar 14, 2018FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 1116.

  11. Mar 14, 2018FloorH8D000

    Rule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure.

  12. Mar 14, 2018FloorH30000

    Considered under the provisions of rule H. Res. 773. (consideration: CR H1576-1585)

  13. Mar 13, 2018FloorH1L210

    Rules Committee Resolution H. Res. 773 Reported to House. Rule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure.

  14. Mar 6, 2018CalendarsH12410

    Placed on the Union Calendar, Calendar No. 446.

  15. Mar 6, 2018CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 115-588.

    Financial Services Committee
  16. Mar 6, 2018Committee5000

    Reported by the Committee on Financial Services. H. Rept. 115-588.

    Financial Services Committee
  17. Oct 12, 2017Committee

    Ordered to be Reported by the Yeas and Nays: 39 - 21.

    Financial Services Committee
  18. Oct 12, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  19. Oct 11, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  20. Feb 16, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  21. Feb 16, 2017IntroReferralIntro-H

    Introduced in House

  22. Feb 16, 2017IntroReferral1000

    Introduced in House

Passed House amendedMar 14, 201836

Taking Account of Institutions with Low Operation Risk Act of 2017 or the TAILOR Act of 2017

(Sec. 2) This bill requires federal financial regulatory agencies to: (1) tailor any regulatory actions so as to limit burdens on the institutions involved, with consideration of the risk profiles and business models of those institutions; and (2) report to Congress on specific actions taken to do so, as well as on other related issues. The bill's tailoring requirement applies not only to future regulatory actions but also to regulations adopted within the last seven years.

(Sec. 3) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.

Reported to House without amendmentMar 6, 201879

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Taking Account of Institutions with Low Operation Risk Act of 2017 or the TAILOR Act of 2017

(Sec. 2) This bill requires federal financial regulatory agencies to: (1) tailor any regulatory actions so as to limit burdens on the institutions involved, with consideration of the risk profiles and business models of those institutions; and (2) report to Congress on specific actions taken to do so, as well as on other related issues. The bill's tailoring requirement applies not only to future regulatory actions but also to regulations adopted within the last seven years.

Introduced in HouseFeb 16, 2017

Taking Account of Institutions with Low Operation Risk Act of 2017 or the TAILOR Act of 2017

This bill requires federal financial regulatory agencies to: (1) tailor any regulatory actions so as to limit burdens on the institutions involved, with consideration of the risk profiles and business models of those institutions; and (2) report to Congress on specific actions taken to do so, as well as on other related issues. The bill's tailoring requirement applies not only to future regulatory actions but also to regulations adopted within the last seven years.

Taking Account of Institutions with Low Operation Risk Act of 2017 — Informed