From: The Honorable Scott R. Tipton
Sent By:
Bill: H.R. 2896
Date: 11/30/2015

Endorsements: ABA, ICBA, CUNA, NAFCU, and 53 State Bank Associations

Current Co-sponsors (48): Rep. Amodei, Rep. Barr*, Rep. Blum, Rep. Bridenstine, Rep. Brooks, Rep. Buchanan, Rep. Buck, Rep. Coffman, Rep. Cole, Rep. Comstock, Rep. Cramer, Rep. Crenshaw, Rep. DesJarlais, Rep. Duffy, Rep. Duncan, Rep. Emmer, Rep. Farenthold, Rep. Fincher, Rep. Fitzpatrick, Rep. Gosar, Rep. Hurt, Rep. Jenkins, Rep. Jolly, Rep. Kelly, Rep. Kline, Rep. Lamborn, Rep. Love, Rep. Lummis, Rep. McKinley, Rep. Mica, Rep. Mullin, Rep. Newhouse, Rep. Paulsen, Rep. Poliquin, Rep. Pompeo, Rep. Posey, Rep. Ross, Rep. Russell, Rep. Smith (NE), Rep. Stivers, Rep. Tiberi, Rep. Walberg, Rep. Walters, Rep. Webster, Rep. Young


Dear Colleague,

Banks and credit unions are currently regulated under a “one-size-fits-all” approach regardless of size or risk profile. This often means that regulations designed and intended for big banks are also applied to small community and independent banks or credit unions, imposing compliance regimens and costs that many of them find unbearable. For this reason I introduced H.R. 2896, the Taking Account of Institutions with Low Operation Risk (TAILOR) Act of 2015, a relief effort designed to create a way for appropriately tailored regulations to fit a bank or credit union’s business model and risk profile. This legislation also has the support of over 55 state bank and credit union associations. Regulators as well have recognized that banks and credit unions which engage in traditional banking activities should have their regulatory burden eased, and that is exactly what this legislation is intended to do. An appropriate regulatory burden permits banks and credit unions to focus their time and resources on the surrounding community.

This legislation requires the federal financial institutions regulatory agencies (Federal Reserve, FDIC, OCC, NCUA, and CFPB) to tailor any regulatory action occurring after enactment to appropriately apply to banks and credit unions. The federal financial institutions regulatory agencies would consider the risk profile and business model of the institutions and determine the necessity, appropriateness, and impact of applying such regulatory action to those institutions. Not only will this ensure appropriately tailored compliance obligations for banks and credit unions of various risk profiles, but the legislation will also save valuable time and resources for bank examiners. It is important to foster a regulatory environment where banks and credit unions can focus their time and assets on investing in their surrounding communities, rather than sinking their resources into overly burdensome regulatory compliance that was never supposed to impact smaller bank and credit union institutions.

Please join me to ensure small banks and credit unions across the nation receive the relief they desperately need. Should you have any questions or wish to cosponsor, please contact Christian Jorgenson at or at x54761.


                                                                            Scott Tipton
Member of Congress