Requires federal bank and credit union regulators to weigh each institution's risk profile and business model when writing rules, and to tailor those rules to limit their cost and burden.

• Requires the OCC, Federal Reserve, FDIC, NCUA, and CFPB to consider the risk profile and business model of each type of institution when issuing rules after enactment, and to limit regulatory burden accordingly.
• Requires agencies to document in proposed and final rules how they applied these tailoring factors, and to report to the Senate Banking and House Financial Services committees annually.
• Requires agencies to review final rules issued under statutes enacted in the 15 years before the bill's introduction and to revise those rules within 3 years of enactment.
• Directs federal banking agencies to set reduced call report requirements for banks eligible for the Community Bank Leverage Ratio, and to report to Congress on modernizing bank supervision within 18 months.

• Financial Services Committee (House)

Finance and Financial Sector