ICBA expressed support for newly reintroduced legislation that would promote tiered banking regulations.
The TAILOR Act of 2019 (H.R. 741), introduced by Rep. Scott Tipton (R-Colo.), would require banking agencies to tailor regulatory actions based on the risk profile and business model of affected institutions.
In a letter to Tipton, ICBA said H.R. 741 would expand on the gains of the S. 2155 regulatory relief law enacted last year.
The TAILOR Act has been introduced in previous Congresses and passed the House Financial Services Committee in 2017, during the 115th Congress.
Read ICBA Letter