Community Bank Regulatory Tailoring Act

Full Title:
Community Bank Regulatory Tailoring Act

Summary#

This bill, the Community Bank Regulatory Tailoring Act, changes many dollar amounts used as thresholds in federal financial statutes. It replaces specific dollar figures in a range of banking, credit union, mortgage, and deposit-insurance laws with larger amounts listed in the bill. The bill also requires the Board of Governors of the Federal Reserve System to recalculate and update those dollar amounts every five years starting in 2031. The recalculation is based on the ratio of current-dollar U.S. gross domestic product for the year before the update to the GDP value for the year before April 1, 2026. The Board must publish the updated amounts in the Federal Register by April 5 in adjustment years, and the increases take effect the following January 1. The bill includes detailed rounding rules for different size categories when the Board computes adjusted amounts.

What it means for you#

  • The bill replaces set dollar figures in many statutes with higher dollar amounts named in the text. Affected statutes named in the bill include the Bank Holding Company Act, the Community Reinvestment Act, the Depository Institution Management Interlocks Act, the Dodd-Frank Act, the Federal Credit Union Act, the Federal Deposit Insurance Act, the Federal Home Loan Bank Act, the Federal Reserve Act, the Home Mortgage Disclosure Act, the Home Owners' Loan Act, the International Lending Supervision Act, the Real Estate Settlement Procedures Act, parts of the Revised Statutes, and the Truth in Lending Act.
  • The Board of Governors of the Federal Reserve System must recalculate these dollar thresholds every five years using current-dollar GDP and publish the revised amounts.
  • The recalculated and rounded amounts become effective on January 1 following the year in which the Board makes the calculation.

Expenses#

No publicly available information on federal budgetary costs, savings, or economic effects is included in the bill text or provided metadata.

Proponents' View#

The bill states its purpose as indexing statutory thresholds to account for historical increases in current-dollar United States gross domestic product and establishes a process for periodic future adjustments.

Opponents' View#

No publicly available information on opponents' views is included in the bill text or provided metadata.