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H.R. 2896: TAILOR Act of 2015

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H.R. 2896: TAILOR Act of 2015

114th Congress · introduced 2015-06-25 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 680.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2015-06-25 · official record
  2. Who proposed it: Rep. Tipton, Scott R. [R-CO-3] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Placed on the Union Calendar, Calendar No. 680. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

TAILOR Act of 2015

Plain summary

(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 2015 or the TAILOR Act of 2015 (Sec. 2) This bill directs the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Consumer Financial Protection Bureau (federal financial institutions regulatory agencies) to: take into consideration the risk profile and business models of institutions subject to regulatory action; determine the necessity, appropriateness, and impact of applying that action to such institutions; and tailor regulatory action so as to limit the burden of regulatory compliance as befits the risk profile and business model involved. The federal financial institutions regulatory agencies shall also consider: the impact that such regulatory action has upon the ability of the institution to flexibly serve evolving and diverse customer needs, the potential unintended impact of examination manuals or other regulatory directives that work in conflict with the tailoring of such regulatory action, and the underlying policy objectives of the regulatory action and statutory scheme involved. In addition, a federal financial institutions regulatory agency must disclose in every notice of a proposed and final rulemaking for a regulatory action how it has applied this bill. The Financial Institutions Examination Council shall report to Congress on the extent to which regulatory actions tailored pursuant to this bill result in differential regulation of similarly-situated institutions of diverse charter types with respect to comparable regulations. The agencies must also apply the requirements of this bill to all regulations adopted five years before the introduction of this bill and ending on the date of its enactment.

Congressional Research Service summary (Reported to House without amendment), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

TAILOR Act of 2015

Source: Congressional Research Service summary (Reported to House without amendment)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Tipton, Scott R. [R-CO-3] · 113 cosponsors

Cost estimate: CBO cost estimate: H.R. 2896, TAILOR Act (2016-07-07)

Cosponsors on this site

Andy Barr (R-KY), Tom Emmer (R-MN), Mike Kelly (R-PA), Kevin Cramer (R-ND), Paul A. Gosar (R-AZ), Tom Cole (R-OK), Adrian Smith (R-NE), Scott DesJarlais (R-TN), Tim Walberg (R-MI), Vern Buchanan (R-FL), Cynthia M. Lummis (R-WY), Mark E. Amodei (R-NV), David P. Joyce (R-OH), Daniel Webster (R-FL), Dan Newhouse (R-WA), Frank D. Lucas (R-OK), Roger Williams (R-TX) and 53 more.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Rulemaking
The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Statute
A written law passed by a legislature. A statute can be changed by a later law; changing a constitution needs an amendment.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong114-hr2896 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114