,,ib ,union ,calendar ,no4 #fhj #aadth ,,congress #b;d ,session ,h4 ,r4 #bhif ,report ,no4 #aad-hgj ,,in ,,the ,,house ,,of ,,representatives ,june #be1 #bjae ,mr4 ,tipton 7for himself and ,mr4 ,barr7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,december #ab1 #bjaf ,additional sponsors3 ,mr4 ,farenthold1 ,mr4 ,blum1 ,mr4 ,coffman1 ,mrs4 ,mimi ,walters of ,california1 ,ms4 ,jenkins of ,kansas1 ,mr4 ,emmer of ,minnesota1 ,mr4 ,bridenstine1 ,mr4 ,kelly of ,pennsylvania1 ,mr4 ,crenshaw1 ,mr4 ,cramer1 ,mr4 ,mc,kinley1 ,mr4 ,posey1 ,mr4 ,poliquin1 ,mr4 ,gosar1 ,mr4 ,pompeo1 ,mr4 ,russell1 ,mr4 ,cole1 ,mr4 ,hurt of ,virginia1 ,mr4 ,smith of ,nebraska1 ,mr4 ,young of ,iowa1 ,mr4 ,tiberi1 ,mr4 ,duffy1 ,mr4 ,mullin1 ,mr4 ,kline1 ,mr4 ,des,jarlais1 ,mr4 ,duncan of ,tennessee1 ,mr4 ,paulsen1 ,mr4 ,walberg1 ,mr4 ,buchanan1 ,mr4 ,ross1 ,mr4 ,mica1 ,mr4 ,buck1 ,mr4 ,brooks of ,alabama1 ,mrs4 ,lummis1 ,mrs4 ,love1 ,mr4 ,fincher1 ,mr4 ,perlmutter1 ,mr4 ,pittenger1 ,mr4 ,lamborn1 ,mr4 ,amodei1 ,mr4 ,joyce1 ,mr4 ,fitzpatrick1 ,mr4 ,stivers1 ,mr4 ,webster of ,florida1 ,mr4 ,newhouse1 ,mrs4 ,comstock1 ,mr4 ,jolly1 ,mr4 ,ashford1 ,mr4 ,sensenbrenner1 ,mr4 ,fortenberry1 ,mr4 ,thornberry1 ,mr4 ,lucas1 ,mr4 ,johnson of ,ohio1 ,mr4 ,conaway1 ,mr4 ,duncan of ,south ,carolina1 ,mrs4 ,ellmers of ,north ,carolina1 ,mr4 ,chabot1 ,mr4 ,renacci1 ,mr4 ,williams1 ,mr4 ,boustany1 ,mr4 ,abraham1 ,mr4 ,bost1 ,mr4 ,king of ,new ,york1 ,mr4 ,guthrie1 ,mr4 ,rodney ,davis of ,illinois1 ,mr4 ,latta1 ,mr4 ,rothfus1 ,mr4 ,miller of ,florida1 ,mr4 ,collins of ,new ,york1 ,mr4 ,turner1 ,mr4 ,graves of ,louisiana1 ,mr4 ,jenkins of ,west ,virginia1 ,mr4 ,weber of ,texas1 ,mr4 ,huelskamp1 ,mr4 ,royce1 ,mr4 ,guinta1 ,mr4 ,olson1 ,mr4 ,shuster1 ,mr4 ,peterson1 ,mr4 ,smith of ,texas1 ,mr4 ,marino1 ,mrs4 ,wagner1 ,mr4 ,pearce1 ,mr4 ,schweikert1 ,mr4 ,mulvaney1 ,mr4 ,hill1 ,mr4 ,neugebauer1 ,mr4 ,garrett1 ,mr4 ,stutzman1 ,mr4 ,rice of ,south ,carolina1 ,mr4 ,whitfield1 ,mr4 ,messer1 ,mr4 ,lance1 ,mr4 ,kelly of ,mississippi1 ,mr4 ,carter of ,texas1 ,mr4 ,flores1 ,mr4 ,calvert1 ,mr4 ,yoho1 ,mr4 ,sanford1 ,mr4 ,zinke1 ,mr4 ,mc,henry1 ,mr4 ,forbes1 ,ms4 ,stefanik1 ,mr4 ,murphy of ,pennsylvania1 ,mr4 ,grothman1 ,mr4 ,hudson1 ,mr4 ,sessions1 ,mr4 ,simpson1 ,mr4 ,jody ,b4 ,hice of ,georgia1 ,mr4 ,babin1 ,mr4 ,walz1 and ,mr4 ,rokita ,december #ab1 #bjaf ,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 agencies to take risk profiles and business models of institutions into account when taking regulatory actions1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,taking ,account of ,institutions with ,low ,operation ,risk ,act of #bjae or the ,,tailor ,act of #bjae4 #b4 ,regulations appropriate to business models 7a7 ,in general ,for any regulatory action occurring subsequent to enactment of this section1 and notwithstanding any other provision of law1 the ,federal financial institutions regulatory agencies shall-- 7#a7 take into consideration the risk profile and business models of the various institutions or classes of institutions subject to the regulatory action2 7#b7 determine the necessity1 appropriateness1 and impact of applying such regulatory action to such institutions or classes of institutions2 and 7#c7 tailor such regulatory action applicable to such institutions or class of institutions in a manner that limits the regulatory compliance impact1 cost1 liability risk1 and other burdens as is appropriate for the risk profile and business model involved4 7b7 ,other considerations ,in satisfying the requirements of subsection 7a7 and when implementing such regulatory action1 the ,federal financial institutions regulatory agencies shall also consider-- 7#a7 the impact that such regulatory action1 both by itself and in conjunction with the aggregate effect of other regulations1 has on the ability of the institution or class of institutions to flexibly serve evolving and diverse customer needs2 7#b7 the potential unintended impact of examination manuals or other regulatory directives that work in conflict with the tailoring of such regulatory action described in subsection 7a77#c72 and 7#c7 the underlying policy objectives of the regulatory action and statutory scheme involved4 7c7 ,notice of proposed and final rulemaking ,the ,federal financial institutions regulatory agencies shall disclose in every notice of proposed rulemaking and in any final rulemaking for a regulatory action how the agency has applied subsections 7a7 and 7b74 7d7 ,reports to ,congress 7#a7 ,individual agency reports 7,a7 ,in general ,the ,federal financial institutions regulatory agencies shall individually report to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate1 within twelve months of enactment of this section and annually thereafter1 on the specific actions taken to tailor the agency's regulatory actions pursuant to the requirements of this section4 7,b7 ,appearance before the ,committees ,the head of each ,federal financial institution regulatory agency shall appear before the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate after each report is made pursuant to subparagraph 7,a71 to testify on the contents of such report4 7#b7 ,,fiec reports 7,a7 ,in general ,the ,financial ,institutions ,examination ,council shall report to the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate1 within three months after the reports required under paragraph 7#a7-- 7i7 on the extent to which regulatory actions tailored pursuant to this section result in differential regulation of similarly-situated institutions of diverse charter types with respect to comparable regulations2 and 7ii7 the reasons for such differential treatment4 7,b7 ,appearance before the ,committees ,the ,chairman of the ,financial ,institutions ,examination ,council shall appear before the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate after each report is made pursuant to subparagraph 7,a71 to testify on the contents of such report4 7e7 ,limited look-,back application ,the ,federal financial institutions regulatory agencies shall conduct 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 ,representatives and ending on the date of the enactment of this ,act and apply the requirements of this section to such regulations4 ,if the application of the requirements of this section to any such regulation requires such regulation to be revised1 the agency shall revise such regulation within three years of the enactment of this section4 7f7 ,definitions ,for purposes of this section1 the following definitions shall apply3 7#a7 ,federal financial institutions regulatory agencies ,the term ,federal financial institutions regulatory agencies means the ,office of the ,comptroller of the ,currency1 the ,board of ,governors of the ,federal ,reserve ,system1 the ,federal ,deposit ,insurance ,corporation1 the ,national ,credit ,union ,administration1 and the ,bureau of ,consumer ,financial ,protection4 7#b7 ,regulatory action ,the term regulatory action means any proposed1 interim1 or final rule or regulation1 guidance1 or published interpretation4 ,december #ab1 #bjaf ,committed to the ,committee of the ,whole ,house on the ,state of the ,union and ordered to be printed