Section 1 Short title
This Act may be cited as the “Financial Institution Regulatory Tailoring Enhancement Act”.
Financial Institution Regulatory Tailoring Enhancement Act
A BILL
To increase the asset thresholds at which financial institutions become subject to certain requirements, and for other purposes.
Sec. 2 Increased asset thresholds
Bureau supervision— The Consumer Financial Protection Act of 2010 is amended—
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
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”.
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”.
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”.
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”.