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New Tiered Regulations Bill Introduced In House

New Tiered Regulations Bill Introduced In House

Rep. Scott Tipton (R-CO.) introduced H.R. 741 (“The TAILOR Act of 2019”) to require banking agencies to tailor regulatory actions based on the risk profile and business model of affected institutions. IBANYS and  ICBA have previously supported tiered banking regulations, and ICBA expressed support for  H.R. 741 because it would “expand on the gains of the S. 2155 regulatory relief law enacted last year.” The TAILOR Act was introduced in previous Congresses, and was passed by the House Financial Services Committee in 2017.

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