H.R. 7056 — Community Bank Regulatory Tailoring Act

This section increases various asset size thresholds, de minimis amounts, and monetary limits in 14 federal banking, credit union, and consumer protection statutes to account for historical increases in current-dollar U.S. GDP, as follows: (1) Bank Holding Company Act of 1956—to $3 million (from $1 million) in section 5(c)(3)(C)(ii) and to $15 billion (from $10 billion) in section 13(h)(1)(B)(i); (2) Community Reinvestment Act of 1977—to $800 million (from $250 million) in section 809(a); (3) Depository Institution Management Interlocks Act—to $600 million (from $100 million) in section 202(4), to $110 million (from $50 million) in section 203(1), and to $10 billion (from $2.5 billion and from $1.5 billion) in section 204; (4) Dodd-Frank Wall Street Reform and Consumer Protection Act—to $105 billion (from $50 billion, each place it appears) in section 210(o), to $5 million (from $1 million) in section 210(r), and to $3 billion (from $1 billion) in section 956(f); (5) Federal Credit Union Act—to $34 million (from $10 million) in section 202(a)(6)(C)(iii), to $2 billion (from $500 million) and $34 million (from $10 million) in section 202(a)(6)(D), to $170 million (from $50 million, each place it appears) in sections 202(b)(1)(A) and 202(c)(1)(A)(iii), to $34 million (from $10 million) in section 216(f)(2) and 216(o)(4), to $17 million (from $5 million) in section 216(i)(4)(B), and to $51 million (from $25 million) in section 216(j)(2)(A); (6) Federal Deposit Insurance Act—to $8 billion (from $5 billion) in section 7(a)(12), to $5 million (from $1 million) in section 11(p)(1)(A)(i), to $21 billion (from $5 billion, each place it appears) in section 36(i), to $800 million (from $150 million, each place it appears) in section 36(j), to $2 billion (from $300 million) in section 38(b), to $110 million (from $50 million) and $150 million (from $75 million) in section 38(k); (7) Federal Home Loan Bank Act—to $3 billion (from $1 billion, each place it appears) in section 2(10); (8) Federal Reserve Act—to $17 billion (from $10

This section directs the Board of Governors of the Federal Reserve System, by April 1, 2031, and the first day of each subsequent five-year period, to increase each dollar amount specified in section 2 by the ratio (if greater than 1) of the most recently published annual current-dollar U.S. gross domestic product for the preceding calendar year to that for the calendar year preceding April 1, 2026 (i.e., 2025). The section establishes tiered rounding rules requiring upward rounding of adjusted amounts to the nearest specified multiple based on size—from $50 billion (for amounts ≥$100 billion) to $0.50 (for amounts $1–$10)—and requires publication of the adjusted amounts in the Federal Register by April 5 of the adjustment year, with the increases taking effect January 1 of the following year. (Thus, the thresholds in section 2 automatically rise with nominal GDP growth to maintain their economic scale over time.)