115th Congress > House > Vote 814

Date: March 14, 2018

Result: 182-232 (Failed)

Clerk session vote number: 107

Sponsor: TIPTON, Scott (R-CO)

Bill number: HR1116

Question: On Motion to Recommit with Instructions

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

Bill summary: 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.

Bill titles: To require the Federal financial institutions regulatory agencies to take risk profiles and business models of institutions into account when taking regulatory actions, and for other purposes.

Links for more info on the vote: congress.gov

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