US HB3230

Raises the asset threshold for Consumer Financial Protection Bureau (CFPB) supervision of depository institutions and credit unions from $10 billion to $50 billion

Increases the Volcker Rule exemption threshold from $10 billion to $50 billion in total consolidated assets, allowing more banks to engage in certain proprietary trading and investment fund activities

Raises the qualified mortgage safe harbor threshold from $10 billion to $50 billion, expanding which institutions can use simplified mortgage underwriting standards

Increases the community bank leverage ratio framework threshold from $10 billion to $50 billion, allowing more banks to use simplified capital requirements instead of risk-based capital rules