,,ii  #aaeth ,,congress  #ast ,session  
,s4 #cff  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #ac1      
#bjag,mr4 ,rounds introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,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 #bjag or  
the ,,tailor ,act of #bjag4  #b4        
,tailoring regulation to business model 
and risk  7a7 ,definitions ,in this     
section-- 7#a7 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         
,protection2 and  7#b7 the term         
regulatory action-- 7,a7 means any      
proposed1 interim1 or final rule or     
regulation1 guidance1 or published      
interpretation2 and  7,b7 does not      
include any action taken by a ,federal  
financial institutions regulatory agency
 that is solely applicable to an        
individual institution1 including an    
enforcement action or order4  7b7       
,consideration and tailoring ,for any   
regulatory action occurring after the   
date of enactment of this ,act1 each    
,federal financial institutions         
regulatory agency shall--  7#a7 take    
into consideration the risk profile and 
business models of individual           
institutions and those of similar type  
that are subject to the regulatory      
action2 and  7#b7 tailor such regulatory
 action applicable to such institution1 
or type of institution1 in a manner that

 limits the regulatory impact1 including
 cost1 human resource allocation and    
other burdens1 on such institution or   
type of institution as is appropriate   
for the risk profile and business model 
involved4  7c7 ,factors ,to consider ,in
 carrying out the requirements of       
subsection 7b7 7and including           
consideration of the requirements of    
paragraph 7#a7 of that subsection71 each
 ,federal financial institutions        
regulatory agency shall consider--  7#a7
 whether it is necessary to apply such  
regulatory action to individual         
institutions or those of similar type in
 order to accomplish the underlying     
public policy objectives of the         
statutory provision involved2  7#b7 the 
impact of such regulatory action on the 
ability of such institutions to flexibly
 serve their customers and local markets
 now and in the future2  7#c7 the       
aggregate impact of all applicable      
regulatory actions on the ability of    
such institutions to flexibly serve such

 customers and local markets1 both now  
and in the future2  7#d7 the potential  
impact that efforts to implement the    
regulatory action1 including through the
 use of examination manuals1 third-party
 service provider actions1 or other     
factors1 may work to undercut efforts to
 tailor such regulatory action described
 in subsection 7b77#b72 and  7#e7 the   
statutory provision authorizing the     
regulatory action1 the congressional    
intent with respect to the statutory    
provision1 and the policy objectives    
sought by the ,federal financial        
regulatory agency in implementing that  
statutory provision4  7d7 ,notice of    
proposed and final rulemaking ,each     
,federal financial institutions         
regulatory agency shall disclose and    
document in every notice of proposed    
rulemaking and in any final rulemaking  
for a regulatory action how the agency  
has applied subsections 7b7 and 7c74    
7e7 ,reports to ,congress  7#a7         
,individual agency reports ,not later   

than #a year after the date of enactment
 of this ,act and annually thereafter1  
each ,federal financial institutions    
regulatory agency shall submit to the   
,committee on ,financial ,services of   
the ,house of ,representatives and the  
,committee on ,banking1 ,housing1 and   
,urban ,affairs of the ,senate a report 
on the specific actions taken to tailor 
the regulatory actions of the ,federal  
financial institutions regulator agency 
pursuant to the requirements of this    
section4  7#b7 ,,ffiec reports ,not     
later than #c months after each report  
is submitted under paragraph 7#a71 the  
,federal ,financial ,institutions       
,examination ,council shall submit to   
the ,committee on ,financial ,services  
of the ,house of ,representatives and   
the ,committee on ,banking1 ,housing1   
and ,urban ,affairs of the ,senate a    
report on--  7,a7 the extent to which   
each ,federal financial institutions    
regulatory agency differs in the        
treatment of similarly situated         

institutions of different charter type2 
and  7,b7 an explanation for such       
differential treatment4  7f7 ,limited   
look-,back application  7#a7 ,in general
 ,each ,federal financial institutions  
regulatory agency shall-- 7,a7 conduct a
 review of all regulations issued in    
final form pursuant to statutes enacted 
during the period beginning on or after 
,july #ba1 #bjaj1 and ending on the date
 of the enactment of this ,act2 and     
7,b7 apply the requirements of this     
section to such regulations4  7#b7      
,revision ,any regulation revised under 
paragraph 7#a7 shall be revised not     
later than #c years after the date of   
enactment of this ,act4