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Sponsored by Rep. Andy Barr (R-KY) · 2 active : 1 Republican, 1 Democrat
Latest action: Placed on the Union Calendar, Calendar No. 480.
Community Bank Regulatory Tailoring Act
This bill increases various statutory dollar amount thresholds applicable to financial regulations and requires periodic adjustments to such amounts in the future. By raising these thresholds, the bill expands the access of financial institutions to less stringent requirements.
The adjustments apply to several asset thresholds used to regulate insured depository institutions, bank holding companies, credit unions, and other financial entities.
Thresholds that are increased under this bill include those applicable to
the Volcker Rule, which prohibits certain larger banking entities from engaging in proprietary trading or from having an interest in hedge funds or a private equity fund;
limited routine examinations of smaller insured depository institutions to assess an institution’s record of meeting the credit needs of its community, including low- and moderate-income neighborhoods;
risk assessments charged to larger bank holding companies by the Federal Deposit Insurance Corporation in accordance with the orderly liquidation authority under the Dodd-Frank Wall Street Reform and Consumer Protection Act; and
home mortgage disclosures required by certain larger financial institutions.
Every five years, the Federal Reserve Board must establish the ratio by which these amounts must be raised. This ratio shall reflect increases in the U.S. gross domestic product.
Members fall into . 6 representatives don’t have enough data yet and are marked “insufficient data”. Non-voting delegates are not counted.
Bars show each input from 0 to 100: ideology gap, scorecard gap, , and the . is the seat’s partisan lean, and shows how much of the input data a score has.
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These members have less than half of the model’s inputs, so their scores are not banded or ranked.
Ideology is each member’s score. The cluster low on the chart includes the bill’s 3 sponsor and cosponsors in the House: they have already committed, so they score as entrenched. 6 representatives without a DW-NOMINATE score or with insufficient data are not plotted.
Similar votes count toward swing-v3 in the House: total similarity weight 29.5 (needs 5.0).
