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![handle is hein.congrecreports/crptxabbw0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
115TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 115-588
TAKING ACCOUNT OF INSTITUTIONS WITH LOW
OPERATION RISK ACT OF 2017
MARCH 6, 2018.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 1116]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 1116) to require the Federal financial institutions regu-
latory agencies to take risk profiles and business models of institu-
tions into account when taking regulatory actions, and for other
purposes, having considered the same, report favorably thereon
without amendment and recommend that the bill do pass.
PURPOSE AND SUMMARY
On February 16, 2017, Representative Scott Tipton introduced
H.R. 1116, the Taking Account of Institutions with Low Operation
Risk Act of 2017 or TAILOR Act of 2017, which directs the fed-
eral financial institutions regulatory agencies (the Office of the
Comptroller of the Currency (OCC), the Board of Governors of the
Federal Reserve System (Federal Reserve), the Federal Deposit In-
surance Corporation (FDIC), the National Credit Union Adminis-
tration (NCUA), and the Bureau of Consumer Financial Protection
(CFPB)) to tailor their rulemakings in consideration of the risk pro-
files and business models of the financial institutions that are sub-
ject to such rules. The TAILOR Act also directs these agencies to
annually report to Congress and testify before the Committee on
Financial Services and the Committee on Banking, Housing, and
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