Loading…
H.R. 7056119th CongressPlaced on the calendarLatest action Mar 19, 2026Decoded by AI · checked against the record
Official title: Community Bank Regulatory Tailoring Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
The bill raises dollar thresholds across banking laws so more banks qualify for lighter regulation, with automatic updates starting in 2031.
50-second read · 4 questions answered below
This bill raises dozens of dollar-based asset and transaction thresholds in federal banking laws, including the Bank Holding Company Act, Dodd-Frank Act, and Truth in Lending Act, among others. Starting in 2031 and every five years after, the Federal Reserve Board must automatically recalculate these thresholds based on U.S. economic growth since 2026, with new figures published and taking effect the following January.
This primarily affects banks, credit unions, and other financial institutions, especially small and mid-sized community banks. It could also indirectly affect bank customers and communities through changes to consumer protection and community lending rules, as well as regulators like the Federal Reserve, FDIC, and National Credit Union Administration.
Because thresholds were set decades ago and bank assets have grown with the economy, more institutions have come under rules originally meant for fewer, larger banks. Raising and periodically updating these thresholds shifts which institutions face certain compliance, reporting, or oversight requirements.
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. 480.