We have received text from H.R. 7056: Community Bank Regulatory Tailoring Act. This bill was received on 2026-01-14, and currently has no cosponsors.
Here is a short summary of the bill:
The Community Bank Regulatory Tailoring Act aims to modify various financial regulations by raising certain monetary thresholds that determine regulatory requirements for banks and financial institutions. These adjustments are intended to account for historical increases in the United States Gross Domestic Product (GDP). The key provisions of the bill include:
Threshold Adjustments
- Bank Holding Company Act of 1956: Increases the threshold for certain regulatory requirements from $1 million to $3 million and from $10 billion to $15 billion for different provisions.
- Community Reinvestment Act of 1977: Raises the threshold for certain obligations from $250 million to $800 million.
- Depository Institution Management Interlocks Act: Adjusts thresholds from $100 million to $600 million for management interlocks and from $50 million to $110 million for different monitoring measures.
- Dodd-Frank Wall Street Reform and Consumer Protection Act: Increases the threshold for bank holding companies from $50 billion to $105 billion and adjusts other related monetary limits.
- Federal Credit Union Act: Raises various thresholds, including from $10 million to $34 million and from $500 million to $2 billion for certain de minimis and managerial provisions.
- Federal Deposit Insurance Act: Adjusts the deposit insurance limit from $5 billion to $8 billion in specific contexts and raises other thresholds significantly.
- Home Mortgage Disclosure Act: Increases the reporting threshold from $30 million to $160 million and from $10 million to $180 million.
- Other acts: Similar adjustments will be made across several other financial regulations, such as the Federal Home Loan Bank Act, Real Estate Settlement Procedures Act, and more.
Future Adjustments
The bill mandates periodic adjustments to these thresholds every five years, based on the changes in current-dollar United States GDP, ensuring that the regulatory limits keep pace with economic growth. The first adjustment will occur on April 1, 2031.
Implementation and Publication
The Federal Reserve Board will be responsible for calculating and publishing these adjustments annually, which will take effect the following January.
Relevant Companies
- JPM (JPMorgan Chase & Co.): As one of the largest banking institutions, changes in regulatory thresholds may impact compliance costs and competitive positioning.
- BAC (Bank of America): Similar impacts as JPMorgan, potentially benefiting from lowered regulatory requirements under the modified thresholds.
- WFC (Wells Fargo): The regulatory adjustments may influence operational strategies and compliance measures for this large banking entity.
- C (Citigroup Inc.): Changes could affect Citigroup's approach to compliance and its overall business strategy in response to altered thresholds.
Representative Andy Barr Bill Proposals
Here are some bills which have recently been proposed by Representative Andy Barr:
- H.R.7056: Community Bank Regulatory Tailoring Act
- H.R.7026: Providing for a joint hearing of the Committees on the Budget of the House of Representatives and the Senate to receive a presentation from the Comptroller General of the United States regarding the audited financial statement of the executive branch.
- H.R.6920: SUCCESS for BEAD Act
- H.R.6838: To amend the Federal Credit Union Act, the Federal Deposit Insurance Act, the Revised Statutes, and the Federal Reserve Act to require Federal banking agencies to consider economic growth when conducting supervisory functions.
- H.R.6553: TIER Act of 2025
- H.R.6552: Bank-Fintech Partnership Enhancement Act
You can track bills proposed by Representative Andy Barr on Quiver Quantitative's politician page for Barr.
Representative Andy Barr Net Worth
Quiver Quantitative estimates that Representative Andy Barr is worth $1.9M, as of January 17th, 2026. This is the 258th highest net worth in Congress, per our live estimates.
Barr has approximately $529.8K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Andy Barr's net worth on Quiver Quantitative's politician page for Barr.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
