H.R. 3230 Reported by committee Finance and Financial Sector

Financial Institution Regulatory Tailoring Enhancement Act

To increase the asset thresholds at which financial institutions become subject to certain requirements, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Barr, Andy [R-KY-6] Introduced May 7, 2025 Cosponsors 2 (2 R) Latest action June 20, 2025

Summary

Financial Institution Regulatory Tailoring Enhancement Act
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.
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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jun 20, 2025 Placed on the Union Calendar, Calendar No. 132.
  2. Jun 20, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-165.
  3. May 21, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 23.
  4. May 21, 2025 Committee Consideration and Mark-up Session Held
  5. May 7, 2025 Referred to the House Committee on Financial Services.
  6. May 7, 2025 Introduced in House

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