{"bill":{"id":"119-hr-7056","congress":119,"type":"HR","number":7056,"title":"Community Bank Regulatory Tailoring Act","originChamber":"House","introducedDate":"2026-01-14","sponsors":[{"bioguideId":"B001282","fullName":"Rep. Barr, Andy [R-KY-6]","party":"R","state":"KY","district":6}],"cosponsorsCount":2,"latestAction":{"actionDate":"2026-03-19","text":"Placed on the Union Calendar, Calendar No. 480."},"policyArea":"Finance and Financial Sector","subjects":["Bank accounts, deposits, capital","Banking and financial institutions regulation","Currency","Economic performance and conditions","Financial services and investments"],"actions":[{"date":"2026-03-19","text":"Placed on the Union Calendar, Calendar No. 480.","type":"Calendars","chamber":"House floor actions","hasVote":false},{"date":"2026-03-19","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-558.","type":"Committee","chamber":"House floor actions","hasVote":false},{"date":"2026-03-19","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-558.","type":"Committee","chamber":"Library of Congress","hasVote":false},{"date":"2026-01-22","text":"Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 21.","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2026-01-22","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2026-01-14","text":"Referred to the House Committee on Financial Services.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2026-01-14","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2026-01-14","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Community Bank Regulatory Tailoring Act</strong></p><p>This bill increases various statutory dollar amount thresholds applicable to financial regulations and requires periodic adjustments to such amounts in the future. By raising these thresholds, the bill expands the access of financial institutions to less stringent requirements.</p><p>The adjustments apply to several asset thresholds used to regulate insured depository institutions, bank holding companies, credit unions, and other financial entities.</p><p>Thresholds that are increased under this bill include those applicable to</p><ul><li>the Volcker Rule, which prohibits certain larger banking entities from engaging in proprietary trading or from having an interest in hedge funds or a private equity fund;</li><li>limited routine examinations of smaller insured depository institutions to assess an institution’s record of meeting the credit needs of its community, including low- and moderate-income neighborhoods;</li><li>risk assessments charged to larger bank holding companies by&nbsp;the Federal Deposit Insurance Corporation in accordance with the orderly liquidation authority under the Dodd-Frank Wall Street Reform and Consumer Protection Act; and</li><li>home mortgage disclosures required by certain larger financial institutions.</li></ul><p>Every five years, the Federal Reserve Board must establish the ratio by which these amounts must be raised. This ratio shall reflect increases in the U.S. gross domestic product.&nbsp;</p>","updateDate":"2026-09-19T23:16:44Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":349,"ts":"2026-10-13T15:43:40.512Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"https://simplefunctions.dev/api/public/query-gov?q=Community%20Bank%20Regulatory%20Tailoring%20Act"}]}}