IB 
Union Calendar No. 680 
114TH CONGRESS 
2D SESSION 
H. R. 2896 
[Report No. 114–870] 
To require the Federal financial institutions regulatory agencies to take risk 
profiles and business models of institutions into account when taking 
regulatory actions, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 25, 2015 
Mr. TIPTON (for himself and Mr. BARR) introduced the following bill; which 
was referred to the Committee on Financial Services 
DECEMBER 12, 2016 
Additional sponsors: Mr. FARENTHOLD, Mr. BLUM, Mr. COFFMAN, Mrs. MIMI 
WALTERS of California, Ms. JENKINS of Kansas, Mr. EMMER of Min-
nesota, Mr. BRIDENSTINE, Mr. KELLY of Pennsylvania, Mr. CRENSHAW, 
Mr. CRAMER, Mr. MCKINLEY, Mr. POSEY, Mr. POLIQUIN, Mr. GOSAR, 
Mr. POMPEO, Mr. RUSSELL, Mr. COLE, Mr. HURT of Virginia, Mr. 
SMITH of Nebraska, Mr. YOUNG of Iowa, Mr. TIBERI, Mr. DUFFY, Mr. 
MULLIN, Mr. KLINE, Mr. DESJARLAIS, Mr. DUNCAN of Tennessee, Mr. 
PAULSEN, Mr. WALBERG, Mr. BUCHANAN, Mr. ROSS, Mr. MICA, Mr. 
BUCK, Mr. BROOKS of Alabama, Mrs. LUMMIS, Mrs. LOVE, Mr. 
FINCHER, Mr. PERLMUTTER, Mr. PITTENGER, Mr. LAMBORN, Mr. 
AMODEI, Mr. JOYCE, Mr. FITZPATRICK, Mr. STIVERS, Mr. WEBSTER of 
Florida, Mr. NEWHOUSE, Mrs. COMSTOCK, Mr. JOLLY, Mr. ASHFORD, 
Mr. SENSENBRENNER, Mr. FORTENBERRY, Mr. THORNBERRY, Mr. 
LUCAS, Mr. JOHNSON of Ohio, Mr. CONAWAY, Mr. DUNCAN of South 
Carolina, Mrs. ELLMERS of North Carolina, Mr. CHABOT, Mr. RENACCI, 
Mr. WILLIAMS, Mr. BOUSTANY, Mr. ABRAHAM, Mr. BOST, Mr. KING of 
New York, Mr. GUTHRIE, Mr. RODNEY DAVIS of Illinois, Mr. LATTA, Mr. 
ROTHFUS, Mr. MILLER of Florida, Mr. COLLINS of New York, Mr. TUR-
NER, Mr. GRAVES of Louisiana, Mr. JENKINS of West Virginia, Mr. 
WEBER of Texas, Mr. HUELSKAMP, Mr. ROYCE, Mr. GUINTA, Mr. 
OLSON, Mr. SHUSTER, Mr. PETERSON, Mr. SMITH of Texas, Mr. 
MARINO, 
Mrs. 
WAGNER, 
Mr. 
PEARCE, 
Mr. 
SCHWEIKERT, 
Mr. 
MULVANEY, Mr. HILL, Mr. NEUGEBAUER, Mr. GARRETT, Mr. 
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STUTZMAN, Mr. RICE of South Carolina, Mr. WHITFIELD, Mr. MESSER, 
Mr. LANCE, Mr. KELLY of Mississippi, Mr. CARTER of Texas, Mr. FLO-
RES, Mr. CALVERT, Mr. YOHO, Mr. SANFORD, Mr. ZINKE, Mr. 
MCHENRY, Mr. FORBES, Ms. STEFANIK, Mr. MURPHY of Pennsylvania, 
Mr. GROTHMAN, Mr. HUDSON, Mr. SESSIONS, Mr. SIMPSON, Mr. JODY 
B. HICE of Georgia, Mr. BABIN, Mr. WALZ, and Mr. ROKITA 
DECEMBER 12, 2016 
Committed to the Committee of the Whole House on the State of the Union 
and ordered to be printed 
A BILL 
To require the Federal financial institutions regulatory agen-
cies to take risk profiles and business models of institu-
tions into account when taking regulatory actions, and 
for other purposes. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Taking Account of In-
stitutions with Low Operation Risk Act of 2015’’ or the 
‘‘TAILOR Act of 2015’’. 
SEC. 2. REGULATIONS APPROPRIATE TO BUSINESS MOD-
ELS. 
(a) IN GENERAL.—For any regulatory action occur-
ring subsequent to enactment of this section, and notwith-
standing any other provision of law, the Federal financial 
institutions regulatory agencies shall— 
(1) take into consideration the risk profile and 
business models of the various institutions or classes 
of institutions subject to the regulatory action; 
(2) determine the necessity, appropriateness, 
and impact of applying such regulatory action to 
such institutions or classes of institutions; and 
(3) tailor such regulatory action applicable to 
such institutions or class of institutions in a manner 
that limits the regulatory compliance impact, cost, li-
ability risk, and other burdens as is appropriate for 
the risk profile and business model involved. 
(b) OTHER CONSIDERATIONS.—In satisfying the re-
quirements of subsection (a) and when implementing such 
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regulatory action, the Federal financial institutions regu-
latory agencies shall also consider— 
(1) the impact that such regulatory action, both 
by itself and in conjunction with the aggregate effect 
of other regulations, has on the ability of the institu-
tion or class of institutions to flexibly serve evolving 
and diverse customer needs; 
(2) the potential unintended impact of examina-
tion manuals or other regulatory directives that 
work in conflict with the tailoring of such regulatory 
action described in subsection (a)(3); and 
(3) the underlying policy objectives of the regu-
latory action and statutory scheme involved. 
(c) NOTICE
OF
PROPOSED
AND
FINAL
RULE-
MAKING.—The Federal financial institutions regulatory 
agencies shall disclose in every notice of proposed rule-
making and in any final rulemaking for a regulatory ac-
tion how the agency has applied subsections (a) and (b). 
(d) REPORTS TO CONGRESS.— 
(1) INDIVIDUAL AGENCY REPORTS.— 
(A) IN GENERAL.—The Federal financial 
institutions regulatory agencies shall individ-
ually report to the Committee on Financial 
Services of the House of Representatives and 
the Committee on Banking, Housing, and 
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Urban Affairs of the Senate, within twelve 
months of enactment of this section and annu-
ally thereafter, on the specific actions taken to 
tailor the agency’s regulatory actions pursuant 
to the requirements of this section. 
(B) APPEARANCE BEFORE THE COMMIT-
TEES.—The head of each Federal financial in-
stitution regulatory agency shall appear before 
the Committee on Financial Services of the 
House of Representatives and the Committee 
on Banking, Housing, and Urban Affairs of the 
Senate after each report is made pursuant to 
subparagraph (A), to testify on the contents of 
such report. 
(2) FIEC REPORTS.— 
(A) IN GENERAL.—The Financial Institu-
tions Examination Council shall report to the 
Committee on Financial Services of the House 
of Representatives and the Committee on Bank-
ing, Housing, and Urban Affairs of the Senate, 
within three months after the reports required 
under paragraph (1)— 
(i) on the extent to which regulatory 
actions tailored pursuant to this section re-
sult in differential regulation of similarly- 
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situated institutions of diverse charter 
types with respect to comparable regula-
tions; and 
(ii) the reasons for such differential 
treatment. 
(B) APPEARANCE BEFORE THE COMMIT-
TEES.—The Chairman of the Financial Institu-
tions Examination Council shall appear before 
the Committee on Financial Services of the 
House of Representatives and the Committee 
on Banking, Housing, and Urban Affairs of the 
Senate after each report is made pursuant to 
subparagraph (A), to testify on the contents of 
such report. 
(e) LIMITED LOOK-BACK APPLICATION.—The Fed-
eral financial institutions regulatory agencies shall con-
duct a review of all regulations adopted during the period 
beginning on the date that is five years before the date 
of the introduction of this Act in the House of Representa-
tives and ending on the date of the enactment of this Act 
and apply the requirements of this section to such regula-
tions. If the application of the requirements of this section 
to any such regulation requires such regulation to be re-
vised, the agency shall revise such regulation within three 
years of the enactment of this section. 
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Union Calendar No. 680 
114TH CONGRESS 
2D SESSION 
H. R. 2896 
[Report No. 114–870] 
A BILL 
To require the Federal financial institutions regu-
latory agencies to take risk profiles and business 
models of institutions into account when taking 
regulatory actions, and for other purposes. 
DECEMBER 12, 2016 
Committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
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