House committee advances ICBA-advocated reg relief bills

During a two-day markup, the House Financial Services Committee advanced two ICBA-advocated bills to provide regulatory relief to community banks.

Votes: The Fair Audits and Inspections for Regulators’ (FAIR) Exams Act (H.R. 940) passed by a vote of 35-17. The Taking Account of Institutions with Low Operation Risk (TAILOR) Act of 2025 (H.R. 3380) passed by a vote of 29-23.

FAIR Exams Act: Sponsored by committee Chairman French Hill (R-Ark.), the bill would:

  • Create an Office of Independent Examination Review within the Federal Financial Institutions Examination Council.

  • Give financial institutions a right to an expedited, independent review of an adverse-examination determination before the office’s director or before an independent administrative law judge.

  • Authorize the director to make a final decision that would be binding on the agency and the financial institution.

TAILOR Act: Sponsored by Rep. Barry Loudermilk (R-Ga.) and a priority lobbying issue during last week’s ICBA Capital Summit, the bill would:

  • Require the banking agencies to tailor rules and regulations based on the risk profile and business model of affected institutions.

  • Allow certain community banks to file a short-form call report in the first and third quarters.

  • Require the banking agencies to review the impact of regulations issued over the prior 15 years.

ICBA View: In a letter to the committee ahead of the markup, ICBA encouraged committee members to advance both bills to improve the bank examination environment and promote tiered regulation.

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