H.R. 3230 — what changed
Financial Institution Regulatory Tailoring Enhancement Act
From Introduced in House to Reported in House. 1 section amended between Introduced in House and Reported in House.
Sec. 2 Increased asset thresholds
changed
Bureau Supervision—supervision— Section 1025(a) of the The Consumer Financial Protection Act of 2010 (12 U.S.C. 5515) is amended by striking “$10,000,000,000” each place it occurs and inserting “$50,000,000,000”.amended—
added
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
added
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”.
changed
Qualified mortgage requirements— Section 129C(b)(F)(i) 129C(b)(2)(F)(i) of the Truth in Lending Act (15 U.S.C. 1639c(b)(F)(i)) 1639c(b)(2)(F)(i)) is amended by striking “$10,000,000,000” and inserting “$50,000,000,000”.
changed
Leverage and risk-Based 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 (a)(3)(A)) note) is amended by striking “$10,000,000,000” and inserting “$50,000,000,000”.