Reported in House
Financial Institution Regulatory Tailoring Enhancement Act
SEC. 1. SHORT TITLETrack this section →
This Act may be cited as the Financial Institution Regulatory Tailoring Enhancement Act.
SEC. 2. INCREASED ASSET THRESHOLDSTrack this section →
(a) Bureau supervision The Consumer Financial Protection Act of 2010 is amended— (1) in section 1025(a) (12 U.S.C. 5515(a)), by striking $10,000,000,000 each place it occurs and inserting $50,000,000,000; and (2) in section 1026(a) (12 U.S.C. 5516(a)), by striking $10,000,000,000 each place it occurs and inserting $50,000,000,000. (b) Volker rule requirements Section 13(h)(1)(B)(i) of the Bank Holding Company Act of 1956 (12 U.S.C. 1851(h)(1)(B)(i)) is amended by striking $10,000,000,000 and inserting $50,000,000,000. (c) Qualified mortgage requirements Section 129C(b)(2)(F)(i) of the Truth in Lending Act (15 U.S.C. 1639c(b)(2)(F)(i)) is amended by striking $10,000,000,000 and inserting $50,000,000,000. (d) Leverage and risk-based capital requirements Section 201(a)(3)(A) of the Economic Growth, Regulatory Relief, and Consumer Protection Act (12 U.S.C. 5371 note) is amended by striking $10,000,000,000 and inserting $50,000,000,000.