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H.R. 7056: Community Bank Regulatory Tailoring Act
119th Congress · introduced 2026-01-14 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 480.
federal
Official title
Community Bank Regulatory Tailoring Act
Plain summary
Community Bank Regulatory Tailoring Act This bill increases various statutory dollar amount thresholds applicable to financial regulations and requires periodic adjustments to such amounts in the future. By raising these thresholds, the bill expands the access of financial institutions to less stringent requirements. The adjustments apply to several asset thresholds used to regulate insured depository institutions, bank holding companies, credit unions, and other financial entities. Thresholds that are increased under this bill include those applicable to the Volcker Rule, which prohibits certain larger banking entities from engaging in proprietary trading or from having an interest in hedge funds or a private equity fund; limited routine examinations of smaller insured depository institutions to assess an institution’s record of meeting the credit needs of its community, including low- and moderate-income neighborhoods; risk assessments charged to larger bank holding companies by the Federal Deposit Insurance Corporation in accordance with the orderly liquidation authority under the Dodd-Frank Wall Street Reform and Consumer Protection Act; and home mortgage disclosures required by certain larger financial institutions. Every five years, the Federal Reserve Board must establish the ratio by which these amounts must be raised. This ratio shall reflect increases in the U.S. gross domestic product.
Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.
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Official text
Community Bank Regulatory Tailoring Act
Source: Congressional Research Service summary (Reported to House)
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Officials and money
Sponsor: Rep. Barr, Andy [R-KY-6] · 2 cosponsors
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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).
- 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
- Congressional Research Service summary (Reported to House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr7056.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>
Record fed-us-cong119-hr7056 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills