TAILOR Act of 2025
Sponsored By: Senator Mike Rounds
Introduced
Summary
Tailoring regulatory actions to institutions' risk profiles is the bill's main goal. It requires federal banking regulators to limit burdens based on a firm’s risk and business model, reduce certain reporting for community banks, and report on modernizing supervision.
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- Community banks and small institutions: Banks eligible for the Community Bank Leverage Ratio get a reduced Call Report requirement for the first and third reports each year. The bill also requires agencies to review regulations issued over the past seven years and revise any that need tailoring within three years.
- Federal regulators and examiners: The Office of the Comptroller of the Currency, the Federal Reserve Board, the FDIC, the National Credit Union Administration, and the Consumer Financial Protection Bureau must document how they considered risk profiles in every proposed and final rule. Each agency must report to Congress within one year and then annually on tailoring actions and must submit a joint report on modernizing supervision within 18 months, covering examiner workforce, training, technology, and needed statutory changes.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Tailored bank rules by risk profile
If enacted, this would require the OCC, Federal Reserve Board, FDIC, NCUA, and CFPB to tailor any new proposed, interim, or final rule to the risk profile and business model of the types of institutions affected. Agencies would have to limit costs, staff burdens, and other impacts when appropriate. Agencies must explain in every proposed and final rule how they applied these tailoring steps. Each agency would report to Congress within one year and then yearly about how it tailored rules. Agencies must review final regulations tied to laws from the 7-year period before this bill was introduced through enactment and apply the tailoring rules; any revised rule must be finished within 3 years.
Shorter Call Reports for Community Banks
If enacted, this would require federal banking agencies to write rules allowing all banks that qualify for the Community Bank Leverage Ratio to file a reduced Call Report. The shorter report would apply to the first and third Call Report of each year. Agencies must issue implementing regulations after enactment to make this change work in practice.
Sponsors & CoSponsors
Sponsor
Mike Rounds
SD • R
Cosponsors
Sen. Tillis, Thomas [R-NC]
NC • R
Sponsored 2/5/2025
Bill Hagerty
TN • R
Sponsored 2/5/2025
Sen. Lummis, Cynthia M. [R-WY]
WY • R
Sponsored 2/5/2025
Sen. Cramer, Kevin [R-ND]
ND • R
Sponsored 2/5/2025
Sen. Daines, Steve [R-MT]
MT • R
Sponsored 2/5/2025
Sen. Ricketts, Pete [R-NE]
NE • R
Sponsored 5/22/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov