H.R. 3230 · Where this bill is now
Waiting for a House vote
Approved by committee Jun 20, 2025; no House vote yet
What this bill does
In plain words · AI-written from the official summaryRaises asset thresholds for bank regulations
This bill increases the dollar amounts of assets that determine when banks and credit unions have to follow certain federal rules. It raises the threshold for Consumer Financial Protection Bureau oversight, meaning larger institutions would need to follow those consumer protection rules. It also raises thresholds for the Volcker Rule, which limits risky trading activities, and for mortgage lending requirements. Finally, it raises the asset level that qualifies banks as community banks, which get to follow simpler rules.
How it affects you
If you bank at smaller institutions, this could affect you directly. Banks below the new thresholds would face fewer regulations, which could mean different lending practices or consumer protections. The specifics depend on whether your bank crosses these new asset levels and how it chooses to operate under the new rules.
Read the official summary (Introduced in House, May 7, 2025)
Financial Institution Regulatory Tailoring Enhancement Act
This bill limits the regulations applicable to certain financial institutions by increasing several different asset levels.
The bill raises the asset level above which insured depository institutions and credit unions become subject to supervision by the Consumer Financial Protection Bureau for purposes of compliance with consumer financial laws and for risk assessments of products and services.
The bill raises the asset level above which banks must comply with the Volcker Rule, which prohibits banks from proprietary trading and having an ownership interest in private funds.
The bill raises the asset level below which financial institutions must comply with less prescriptive ability-to-repay determinations for residential mortgages.
Finally, the bill raises the asset level below which certain depository institutions and depository institution holding companies qualify as community banks and are therefore subject to a simplified leverage ratio.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 3230
A BILL
Financial Institution Regulatory Tailoring Enhancement Act
Sponsor: Rep. Andy Barr (R-KY-6) · Introduced May 7, 2025 · Finance and Financial Sector · 2 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jun 20, 2025: “Placed on the Union Calendar, Calendar No. 132.”