ABA Seeks Grassroots Action on Tailored Regulation Bill

Building on its partnership with the state bankers associations, ABA is urging bankers to ask their representatives to co-sponsor the TAILOR Act, H.R. 2896, which would direct financial regulators to tailor regulatory actions based on the sizes, business models, risk profiles and other differentiating characteristics of the institutions they supervise.

Introduced by Rep. Scott Tipton (R-Colo.), the bill is a key part of ABA’s Agenda for America’s Hometown Banks and was crafted with the assistance of the state bankers associations and ABA.

“As Congress continues the critical process of determining the items to consider in the coming months, it is imperative that all bank employees contact their representatives to share their support for this important proposal,” ABA EVP James Ballentine said. Bankers can use ABA’s automated system to send a customized letter asking their representatives to co-sponsor the bill. For more information, contact ABA’s Erin Scheithe.