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H.R. 3230119th CongressPlaced on the calendarLatest action Jun 20, 2025Decoded by AI · checked against the record
Official title: Financial Institution Regulatory Tailoring Enhancement Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 3230 would exempt banks with $10B–$50B in assets from CFPB oversight, the Volcker Rule, and other federal rules.
45-second read · 4 questions answered below
HR 3230 raises the asset threshold that triggers certain federal banking regulations from $10 billion to $50 billion. Rules affected include CFPB oversight, the Volcker Rule restricting risky trading, certain mortgage lending standards, and capital reserve requirements. Banks and credit unions holding between $10 billion and $50 billion in assets would no longer be subject to these specific regulations.
Employees and shareholders of mid-sized banks are directly affected, as are customers who use those institutions. Customers at these banks could see changes in the types of loans available and in how complaints are handled, since direct CFPB supervision would no longer apply.
A significant number of mid-sized banks across the country would be freed from these regulations. Broader effects on financial stability and consumer protection would depend on how regulators respond to the change.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the House floor calendar, and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Placed on the Union Calendar, Calendar No. 132.