Banks with $10 billion to $50 billion in assets would face fewer federal rules
Placed on the calendarH.R. 3230Latest action
Sponsor: Andy Barr · Representative · KY
AIDecoded by AI · checked against the recordRead the official text
Official title: Financial Institution Regulatory Tailoring Enhancement Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
The plain-language version comes first. The official text is always the reference.
The bill would raise the asset line for extra rules in four financial laws from $10 billion to $50 billion, easing requirements on mid-sized banks and credit unions.
50-second read · 4 questions answered below
What does this do?
The bill raises a dollar cutoff in four existing financial laws from $10 billion in assets to $50 billion. The four areas are CFPB oversight, the Volcker Rule, a mortgage rule on qualified home loans, and some capital requirements. Only institutions above $50 billion would remain covered by the extra rules.
Who does it affect?
The change mainly affects mid-sized banks and credit unions, their employees and shareholders, and customers who use them for checking accounts, loans, and mortgages.
Why does it matter?
Institutions with $10 billion to $50 billion in assets would be treated more like smaller community banks. They would no longer be directly examined by the CFPB, though other regulators and consumer laws would still apply, and they would be exempt from the Volcker Rule's trading limits and could use qualified mortgage protections. Supporters say compliance costs suit the largest banks better, while critics say fewer requirements could reduce consumer protections and raise risk in the financial system.
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Reported in House” text of Jun 20, 2025.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedMay 7, 2025
- House committee
- House voteYou are here · Jun 20, 2025
- Senate
- The president's desk
Right now: it was placed on the , 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.