[Report No. 119–165]
May 7, 2025
Mr. Barr (for himself and Mr. Meuser) introduced the following bill; which was referred to the Committee on Financial Services
June 20, 2025
Additional sponsor: Mr. Sessions
June 20, 2025
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
Strike out all after the enacting clause and insert the part printed in italic
For text of introduced bill, see copy of bill as introduced on May 7, 2025
To increase the asset thresholds at which financial institutions become subject to certain requirements, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Section 1. Short title
This Act may be cited as the Financial Institution Regulatory Tailoring Enhancement Act
.
Sec. 2. Increased asset thresholds
(a) Bureau supervision
The Consumer Financial Protection Act of 2010 is amended—
(1)
in section 1025(a) (12 U.S.C. 5515(a)), by striking $10,000,000,000
each place it occurs and inserting $50,000,000,000
; and
(2)
in section 1026(a) (12 U.S.C. 5516(a)), by striking $10,000,000,000
each place it occurs and inserting $50,000,000,000
.
(b) Volker rule requirements
Section 13(h)(1)(B)(i) of the Bank Holding Company Act of 1956 (12 U.S.C. 1851(h)(1)(B)(i)) is amended by striking $10,000,000,000
and inserting $50,000,000,000
.
(c) Qualified mortgage requirements
Section 129C(b)(2)(F)(i) of the Truth in Lending Act (15 U.S.C. 1639c(b)(2)(F)(i)) is amended by striking $10,000,000,000
and inserting $50,000,000,000
.
(d) Leverage and risk-based capital requirements
Section 201(a)(3)(A) of the Economic Growth, Regulatory Relief, and Consumer Protection Act (12 U.S.C. 5371 note) is amended by striking $10,000,000,000
and inserting $50,000,000,000
.