PSI Sci
New here? Follow the money and the votes · Not sure of your district? Find your U.S. House member · Find your state legislators

H.R. 1116: Taking Account of Institutions with Low Operation Risk Act of 2017

Before you vote › Federal bills

H.R. 1116: Taking Account of Institutions with Low Operation Risk Act of 2017

115th Congress · introduced 2017-02-16 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2017-02-16 · official record
  2. Who proposed it: Rep. Tipton, Scott R. [R-CO-3] · what a sponsor is
  3. What happened next: 2 recorded votes in our records. Latest: House roll call 107 (2018): On Motion to Recommit with Instructions, HR1116 (2018-03-14), Failed. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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

Taking Account of Institutions with Low Operation Risk Act of 2017

Plain 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.

Congressional Research Service summary (Passed House amended), 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

Taking Account of Institutions with Low Operation Risk Act of 2017

Source: Congressional Research Service summary (Passed House amended)

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

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

Officials and money

Sponsor: Rep. Tipton, Scott R. [R-CO-3] · 85 cosponsors

Cost estimate: CBO cost estimate: H.R. 1116, TAILOR Act of 2017 (2017-12-13)

Cosponsors on this site

Roger Williams (R-TX), Barry Loudermilk (R-GA), Andy Barr (R-KY), Claudia Tenney (R-NY), Robert E. Latta (R-OH), Frank D. Lucas (R-OK), Trent Kelly (R-MS), Roger Marshall (R-KS), Kevin Cramer (R-ND), Don Bacon (R-NE), Tom Emmer (R-MN), Jodey C. Arrington (R-TX), Robert J. Wittman (R-VA), Brian Babin (R-TX), Mike Bost (R-IL), Ann Wagner (R-MO), Pete Sessions (R-TX), Glenn Grothman (R-WI), Brett Guthrie (R-KY), Paul A. Gosar (R-AZ) and 25 more.

Recorded votes

Words on this page, explained (2)
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.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-hr1116 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115