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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7056 Introduced in House (IH)]
<DOC>
119th CONGRESS
2d Session
H. R. 7056
To index statutory thresholds, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 14, 2026
Mr. Barr introduced the following bill; which was referred to the
Committee on Financial Services
_______________________________________________________________________
A BILL
To index statutory thresholds, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Community Bank Regulatory Tailoring
Act''.
SEC. 2. THRESHOLD ADJUSTMENTS TO ACCOUNT FOR HISTORICAL INCREASES IN
CURRENT-DOLLAR UNITED STATES GROSS DOMESTIC PRODUCT.
(a) Bank Holding Company Act of 1956.--The Bank Holding Company Act
of 1956 (12 U.S.C. 1841 et seq.) is amended--
(1) in section 5(c)(3)(C)(ii) (12 U.S.C.
1844(c)(3)(C)(ii)), by striking ``$1,000,000'' and inserting
``$3,000,000''; and
(2) in section 13(h)(1)(B)(i) (12 U.S.C. 1851(h)(1)(B)(i)),
by striking ``$10,000,000,000'' and inserting
``$15,000,000,000''.
(b) Community Reinvestment Act of 1977.--Section 809(a) of the
Community Reinvestment Act of 1977 (12 U.S.C. 2908(a)) is amended by
striking ``$250,000,000'' and inserting ``$800,000,000''.
(c) Depository Institution Management Interlocks Act.--The
Depository Institution Management Interlocks Act (12 U.S.C. 3201 et
seq.) is amended--
(1) in section 202(4) (12 U.S.C. 3201(4)), by striking
``$100,000,000'' and inserting ``$600,000,000'';
(2) in section 203(1) (12 U.S.C. 3202(1)), by striking
``$50,000,000'' and inserting ``$110,000,000''; and
(3) in section 204 (12 U.S.C. 3203)--
(A) by striking ``$2,500,000,000'' and inserting
``$10,000,000,000''; and
(B) by striking ``$1,500,000,000'' and inserting
``$10,000,000,000''.
(d) Dodd-Frank Wall Street Reform and Consumer Protection Act.--The
Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C.
5301 et seq.) is amended--
(1) in section 210 (12 U.S.C. 5390)--
(A) in subsection (o), by striking
``$50,000,000,000'' and inserting ``$105,000,000,000'';
and
(B) in subsection (r), by striking ``$1,000,000''
and inserting ``$5,000,000''; and
(2) in section 956(f) (12 U.S.C. 5641(f)), by striking
``$1,000,000,000'' and inserting ``$3,000,000,000''.
(e) Federal Credit Union Act.--The Federal Credit Union Act (12
U.S.C. 1751 et seq.) is amended--
(1) in section 202 (12 U.S.C. 1782)--
(A) in subsection (a)(6)(C)(iii)--
(i) in the heading, by striking ``DE
minimus'' and inserting ``DE minimis''; and
(ii) by striking ``$10,000,000'' and
inserting ``$34,000,000'';
(B) in subsection (a)(6)(D)--
(i) by striking ``$500,000,000'' and
inserting ``$2,000,000,000''; and
(ii) by striking ``$10,000,000'' and
inserting ``$34,000,000'';
(C) in subsection (b)(1)(A), by striking
``$50,000,000'' each place that term appears and
inserting ``$170,000,000''; and
(D) in subsection (c)(1)(A)(iii), by striking
``$50,000,000'' each place that term appears and
inserting ``$170,000,000''; and
(2) in section 216 (12 U.S.C. 1790d)--
(A) in subsection (f)(2), by striking
``$10,000,000'' and inserting ``$34,000,000'';
(B) in subsection (i)(4)(B), by striking
``$5,000,000'' and inserting ``$17,000,000'';
(C) in subsection (j)(2)(A), by striking
``$25,000,000'' and inserting ``$51,000,000''; and
(D) in subsection (o)(4), by striking
``$10,000,000'' and inserting ``$34,000,000''.
(f) Federal Deposit Insurance Act.--The Federal Deposit Insurance
Act (12 U.S.C. 1811 et seq.) is amended--
(1) in section 7(a)(12) (12 U.S.C. 1817(a)(12)), by
striking ``$5,000,000,000'' and inserting ``$8,000,000,000'';
(2) in section 11(p)(1)(A)(i) (12 U.S.C. 1821(p)(1)(A)(i)),
by striking ``$1,000,000'' and inserting ``$5,000,000'';
(3) in section 36 (12 U.S.C. 1831m)--
(A) in subsection (i), by striking
``$5,000,000,000'' each place that term appears and
inserting ``$21,000,000,000''; and
(B) in subsection (j), by striking ``$150,000,000''
each place that term appears and inserting
``$800,000,000''; and
(4) in section 38 (12 U.S.C. 1831o)--
(A) in subsection (b), by striking ``$300,000,000''
and inserting ``$2,000,000,000''; and
(B) in subsection (k)--
(i) by striking ``$50,000,000'' and
inserting ``$110,000,000''; and
(ii) by striking ``$75,000,000'' and
inserting ``$150,000,000''.
(g) Federal Home Loan Bank Act.--Section 2(10) of the Federal Home
Loan Bank Act (12 U.S.C. 1422(10)) is amended by striking
``$1,000,000,000'' each place that term appears and inserting
``$3,000,000,000''.
(h) Federal Reserve Act.--The Federal Reserve Act (12 U.S.C. 221 et
seq.) is amended--
(1) in section 7(a)(1) (12 U.S.C. 289) by striking
``$10,000,000,000'' each place that term appears and inserting
``$17,000,000,000''; and
(2) in section 22(h)(5)(C) (12 U.S.C. 375b(h)(5)(C)) by
striking ``$100,000,000'' and inserting ``$500,000,000''.
(i) Home Mortgage Disclosure Act of 1975.--The Home Mortgage
Disclosure Act of 1975 (12 U.S.C. 2801 et seq.) is amended--
(1) in the second paragraph (3) of section 304(i) (12
U.S.C. 2803(i)(3); relating to ``Exemption from certain
disclosure requirements''), by striking ``$30,000,000'' and
inserting ``$160,000,000''; and
(2) in section 309(a) (12 U.S.C. 2808(a)), by striking
``$10,000,000'' and inserting ``$180,000,000''.
(j) Home Owners' Loan Act.--Section 5(u) of the Home Owners' Loan
Act (12 U.S.C. 1464(u)) is amended--
(1) in paragraph (2)(A)(i), by striking ``$500,000'' and
inserting ``$3,000,000''; and
(2) in paragraph (2)(A)(ii), by striking ``$30,000,000''
and inserting ``$160,000,000''.
(k) International Lending Supervision Act of 1983.--Section
909(a)(1) of the International Lending Supervision Act of 1983 (12
U.S.C. 3908) is amended by striking ``$20,000,000'' and inserting
``$160,000,000''.
(l) Real Estate Settlement Procedures Act of 1974.--Section
3(1)(B)(iv) of the Real Estate Settlement Procedures Act of 1974 (12
U.S.C. 2602(1)(B)(iv)) is amended by striking ``$1,000,000'' and
inserting ``$19,000,000''.
(m) Revised Statutes of the United States.--Section
5136A(a)(2)(D)(ii) of the Revised Statutes of the United States (12
U.S.C. 24a(a)(2)(D)(ii)) is amended by striking ``$50,000,000,000'' and
inserting ``$175,000,000,000''.
(n) Truth in Lending Act.--Section 129C(b)(2)(F)(i) of the Truth in
Lending Act (15 U.S.C. 1639c(b)(2)(F)(i)) is amended by striking
``$10,000,000,000'' and inserting ``$15,000,000,000''.
SEC. 3. PERIODIC ADJUSTMENTS TO THRESHOLDS TO ACCOUNT FOR FUTURE
INCREASES IN CURRENT-DOLLAR UNITED STATES GROSS DOMESTIC
PRODUCT.
(a) In General.--By April 1, 2031, and the 1st day of each
subsequent 5-year period, the Board of Governors of the Federal Reserve
System shall prescribe the amount by which each dollar amount described
in section 2 of this Act shall be increased by the ratio, if greater
than 1, of the annual value of current-dollar United States gross
domestic product, published by the Department of Commerce, for the
calendar year preceding the year in which the adjustment is calculated
under this section, to the published annual value of such index for the
calendar year preceding April 1, 2026.
(b) Currency of Information.--The values used in the calculation
under subsection (a) shall be, as of the date of the calculation, the
values most recently published by the Department of Commerce.
(c) Rounding.--
(1) If any amount equal to or greater than $100,000,000,000
determined under subsection (a) for any period is not a
multiple of $50,000,000,000, the amount shall be rounded up to
the nearest $50,000,000,000.
(2) If any amount less than $100,000,000,000 but equal to
or greater than $10,000,000,000 determined under subsection (a)
for any period is not a multiple of $5,000,000,000, the amount
shall be rounded up to the nearest $5,000,000,000.
(3) If any amount less than $10,000,000,000 but equal to or
greater than $1,000,000,000 determined under subsection (a) for
any period is not a multiple of $500,000,000, the amount shall
be rounded up to the nearest $500,000,000.
(4) If any amount less than $1,000,000,000 but equal to or
greater than $100,000,000 determined under subsection (a) for
any period is not a multiple of $50,000,000, the amount shall
be rounded up to the nearest $50,000,000.
(5) If any amount less than $100,000,000 but equal to or
greater than $10,000,000 determined under subsection (a) for
any period is not a multiple of $5,000,000, the amount shall be
rounded up to the nearest $5,000,000.
(6) If any amount less than $10,000,000 but equal to or
greater than $1,000,000 determined under subsection (a) for any
period is not a multiple of $500,000, the amount shall be
rounded up to the nearest $500,000.
(7) If any amount less than $1,000,000 but equal to or
greater than $100,000 determined under subsection (a) for any
period is not a multiple of $50,000, the amount shall be
rounded up to the nearest $50,000.
(8) If any amount less than $100,000 but equal to or
greater than $10,000 determined under subsection (a) for any
period is not a multiple of $5,000, the amount shall be rounded
up to the nearest $5,000.
(9) If any amount less than $10,000 but equal to or greater
than $1,000 determined under subsection (a) for any period is
not a multiple of $500, the amount shall be rounded up to the
nearest $500.
(10) If any amount less than $1,000 but equal to or greater
than $100 determined under subsection (a) for any period is not
a multiple of $50, the amount shall be rounded up to the
nearest $50.
(11) If any amount less than $100 but equal to or greater
than $10 determined under subsection (a) for any period is not
a multiple of $5, the amount shall be rounded up to the nearest
$5.
(12) If any amount less than $10 but equal to or greater
than $1 determined under subsection (a) for any period is not a
multiple of $0.50, the amount shall be rounded up to the
nearest $0.50.
(d) Publication.--Not later than April 5 of any calendar year in
which an adjustment is required to be calculated under subsection (a),
the Board of Governors of the Federal Reserve System shall publish in
the Federal Register the dollar amounts as so calculated.
(e) Implementation Period.--The increase in the dollar amounts
shall take effect on January 1 of the year immediately succeeding any
calendar year in which an adjustment is required to be calculated under
subsection (a).
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 21.
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