Scott Tipton

Scott Tipton


Committee Advances Tipton’s Community Bank Red Tape Relief Bill


WASHINGTON—Today, the House Committee on Financial Services advanced Congressman Scott Tipton’s (R-CO) Small Bank Exam Cycle Reform Act (H.R. 1553) through a committee markup with unanimous bipartisan support. The bill seeks to reduce red tape compliance burdens on well-managed community banks, which would free up resources so they can better serve the economic needs of their communities.

Video: Tipton Makes the Case for H.R. 1553 in Committee

“As it stands now, community banks are facing an ever-increasing regulatory burden that they can no longer shoulder. This growing burden has had a devastating impact on small banks, forcing consolidation or failure and stifling the creation of new banks in areas that need access to credit,” said Tipton. “The Small Bank Exam Cycle Reform Act amends the Federal Deposit Insurance Act to raise the qualifying asset threshold from $500 million to $1 billion. This would allow an additional 676 banks across the U.S. to qualify for a longer exam cycle. To be clear, this relief measure is only for well-managed community banks – the types of banks that did not cause the financial crisis - but are now struggling to deal with the regulatory blowback.”

Currently, only banks with assets below $500 million are eligible for the 18-month cycle, while other small banks are required to undergo an exam every year. H.R. 1553 is supported by the Independent Community Bankers of America, which represents over 6,000 community banks across the nation.

In February, the Office of the Comptroller of the Currency sent draft legislative ideas for regulatory relief to the House Financial Services Committee, including a proposal that is the basis for HR 1553. It was also applauded by the FDIC and OCC during Committee hearings earlier this spring. Not only will this legislation provide relief for community banks, but it will also allow bank examiners to focus their resources working with banks that actually need the additional attention. Congress last raised the threshold for outstanding-rated institutions in 2006 and granted agencies discretion to increase the threshold for good-rated institutions in 2007.

The full bill is available HERE.

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House Passes REINS Act to Curb Overregulation, Empower Main Street Growth


WASHINGTON –Today, Congressman Scott Tipton (R-CO) issued the following statement on the passage of legislation in the U.S. House of Representatives to require Congressional approval of any federal regulation with an economic impact over $100 million. The REINS Act (Regulations from the Executive in Need of Scrutiny), of which Tipton is a co-sponsor, seeks to cut red tape, curb overregulation and reduce onerous compliance burdens facing American job creators.

“When done right, regulations have an important function in keeping America safe and the marketplace free, fair and competitive.  For that to happen, the costs and benefits of regulation and the impact on the economy and on jobs must be taken into consideration during the rule making process.  However, under this Administration, from the EPA to the IRS we’ve seen Washington bureaucrats depart from commonsense rulemaking and toward writing an endless stream of regulations that have concentrated power in Washington, crippled small businesses, stunted job creation and shuttered store fronts along Main Streets across America. The Washington-knows-best mentality of regulators has proved devastating for many communities in Colorado’s 3rd District, where farmers and ranchers, mom and pop shops, community banks, energy producers, and countless others have struggled to stay afloat as red tape and compliance burdens have drained away their limited resources that could have otherwise been put back into their businesses and used to keep employees or create new jobs.

“Our solution would restore accountability and common sense to the regulatory process by requiring Congressional review of any proposed Administrative action with a significant economic impact. This would ensure that new rules reflect legislative intent, aren’t duplicative and don’t create unnecessary or punitive burdens for hardworking Americans. The REINS Act is not popular with this President, career bureaucrats or lovers of big government—that’s a good thing. This bill would truly have an impact on curbing overregulation in Washington, and would empower Main Street, creating opportunities for growth and job creation. I urge the Senate to take action on this critical commonsense jobs bill.”

Facts on Regulation:

  • $1.86 trillion: The average annual cost of regulatory compliance for businesses
  • 3,554: The number of new regulations imposed on American businesses in 2014, filling 486,500 pages in the federal register
  • 82: The average number of regulations with an economic impact greater than $100 million implemented by the Administration each of the past five years.

For more information on the H.R. 427, the REINS Act, visit:

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Montrose Town Hall with Congressman Scott Tipton


Congressman Tipton will give a legislative update and answer questions from constituents. Constituents are encouraged to attend. The meeting will last approximately one hour.


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Delta Town Hall with Congressman Scott Tipton


Congressman Tipton will give a legislative update and answer questions from constituents.  The meeting is open to the public and will last approximately one hour.

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Grand Junction Town Hall with Congressman Scott Tipton


Congressman Tipton will give a legislative update and answer questions from constituents.  The meeting is open to the public and will last approximately one hour.

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Tipton Speaks on House Floor to Keep Pressure on Interior to Save Jobs at Colowyo


WASHINGTON– Congressman Scott Tipton (R-CO) spoke on the floor of the U.S. House of Representatives today to continue to pressure U.S. Department of Interior Secretary Sally Jewell to take every action necessary to save the 220 jobs at the Colowyo Mine. Tipton met with Secretary Jewell and Western Colorado leaders in Glenwood Springs last week to discuss the future of the mine.

Watch Tipton Speak on the House Floor HERE

“Closing the Colowyo Mine would jeopardize 220 direct jobs and millions in economic activity. While 220 jobs might not sound like much - to the town of Craig, population 9,400 —that is a significant economic impact to this community…The adverse effects of shutting down this mine go beyond the jobs at the mine that would be lost though.  Coal produced by this mine, located in Moffat and Rio Blanco counties, is then used to generate power at the Craig station.  The mine is a critical supplier of western Colorado’s energy supply, providing reliable and affordable electricity in much of the western half of the state,” said Tipton. “I hope the Secretary realizes the decisions here in Washington have real lasting impacts on everyday working Americans. Unfortunately, we’ve seen repeated attempts by this Administration to impose drastic, and in some cases outright unattainable, mandates on existing electricity sources. Communities, such as Craig, have expressed concerns that these proposed regulations will work to the detriment of their local economies by shutting down local power plants, negatively affect Colorado’s mining industry, and needlessly burden Coloradan families and businesses with higher energy costs. And, yet here we are on the cusp of leaving over 220 honest workers without a paycheck. This battle offers a vivid and all-too-familiar lesson in how environmental special interests, if not balanced against the practical need for a healthy and growing economy, can wreak havoc in the everyday lives of Coloradans.”

Today, the House also passed H.R. 1734, the Improving Coal Combustion Residuals Regulation Act of 2015, which would allow states to implement permitting programs for the safe management, disposal and recycling of coal ash which is used in numerous construction materials including concrete and roofing materials.

“This commonsense bill will ensure a safe, efficient and effective system for coal ash disposal and recycling, and according to some estimates will protect as many as 316,000 jobs across the nation by empowering states to implement their own permitting programs,” said Tipton.

Learn more about the bill HERE.

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Tipton Attends Meeting with Interior Secretary on Colowyo Mine


GLENWOOD SPRINGS, CO– Congressman Scott Tipton (R-CO) attended a meeting to discuss the future of the Colowyo Mine tonight in Glenwood Springs with U.S. Secretary of the Interior Sally Jewell, Bureau of Land Management Director Neil Kornze, and a number of Western Colorado community leaders including Moffat County Commissioner John Kinkaid and Craig Mayor Ray Beck. Jewell agreed to the meeting after coming under fire for scheduling other stops in the state this weekend without making time to visit Moffat County, despite numerous requests from local, state and federal officials to do so.

“While it would have been preferable to have Interior Secretary Jewell make time to meet with the miners in Moffat County who are facing the loss of their livelihoods, she stopped in Glenwood this evening to discuss it, and I hope she got a better understanding of the important impact the Colowyo Mine has on the economy of Northwest Colorado by providing 220 jobs and ensuring the production of reliable and affordable electricity. There are approximately 9,400 people who live in Craig and a loss of 220 jobs is about 2.3 percent of the town’s total population—that is a significant economic impact to this community. If something of this magnitude was happening to a larger metropolitan area, such as the President’s hometown of Chicago, where 2.3 percent of the population is nearly 62,000 people, there would be a much greater sense of urgency by this Administration and we probably would have heard from them sooner,” said Tipton. “I was pleased to hear Secretary Jewell assure us during the meeting that the Interior Department is on schedule to complete a new environmental analysis by the court’s September 6 deadline, and that if they for some reason fall off schedule they will request an extension. Given this Administration’s track-record of attacks on the mining industry and affordable electricity however, we will keep in close communication with the Secretary to make sure that everything possible is being done to save the jobs at the Colowyo Mine.”

Last week Tipton and Senators Michael Bennet (D-CO) and Cory Gardner (R-CO) sent Jewell a follow-up letter expressing disappointment with the Interior Department’s decision not to appeal WildEarth Guardians v. Office of Surface Mining by the July 7 deadline, underscoring “The executive branch has a duty to defend its permitting actions.”

The Members first urged Jewell in May to take all necessary and appropriate action to prevent the impending closure of the Colowyo Mine and loss of hundreds of jobs. The court-ordered deadline for the Office of Surface Mining to prepare a new environmental analysis is September 6. In their latest letter, Tipton, Bennet and Gardner asked Jewell to provide assurances Interior will meet the deadline or request an extension. See the letter HERE.

“We are very mindful of the urgency of this matter and are committed to promptly addressing the issues identified by the Court,” Secretary Jewell said in a written response this week, also writing that the Interior Department was on schedule to meet the September 6 deadline. See Jewell’s full response HERE.

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House Passes Tipton’s Water Rights Protection Measure


Bill protects private water rights users from federal takings

WASHINGTON—Today, the U.S. House of Representatives passed the bipartisan Western Water and American Food Security Act (H.R. 2898) which includes Congressman Scott Tipton’s (R-CO) Water Rights Protection Act. The bill addresses a number of challenges posed to water resources in the Western United States including drought management, infrastructure, water rights and federal regulation. Tipton’s Water Rights Protection Act (H.R. 1830), incorporated in its entirety under title 11 of the Western Water and Food Security Act, would uphold state water law and priority-based systems and provide water users with a line of defense from increasing federal attempts to take or restrict access to private water rights without compensation.

VIDEO: Tipton Speaks in Support of H.R. 2898 on House Floor

“Water is the most precious resource we have in the arid West, and how we manage, protect and harness our water supply has implications on everything from growing crops to managing wildlife habitats, now and for many generations to come. By passing this needed legislation, we have taken a critical step forward toward protecting private water rights from federal takings, putting science at the center of our nation’s water management decisions, updating and expanding critical water infrastructure and allowing regulatory flexibility to respond to emergency drought situations,” said Tipton. “I am proud to have worked with my Western colleagues to craft this commonsense bill by contributing language to provide strong protections for private water rights, and urge the Senate to quickly move it to the President’s desk.”

Tipton, Vice Chairman of the Congressional Western Caucus, spoke on the House floor in support of the legislation prior to its passage, emphasizing the urgent need to implement permanent protections for private water rights as federal land management agencies continue attempts to circumvent state water law and priority-based systems.

“By extorting water rights from those who hold rights under state law, the federal government is overreaching, violating private property rights, and the United States Constitution. These tactics have been used to pilfer privately held water rights associated with agricultural production in the heart of rural America where farmers and ranchers rely on these rights to irrigate crops, provide water for cattle, and secure financing for their operations,” said Tipton. “Federal land management agency attempts to take or control private water rights, and circumvent state law, have put the ski community, grazers, municipalities and local businesses at risk of losing-- without any compensation--the water rights they have developed, invested as much as hundreds of millions of dollars in, and rely on to survive. These private property rights are vital to Colorado and to the Western U.S. and many businesses depend on them as collateral to get loans, expand, and create jobs.”

More information on Tipton’s Water Rights Protection Act is available HERE.

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Tipton Pushes Fed Reserve Chair to Tailor Community Bank Regulations


WASHINGTON—Today, Congressman Scott Tipton (R-CO) told Federal Reserve Chair Janet Yellen that small community banks and credit unions are being crushed under broad Dodd-Frank regulations intended for much larger financial institutions. Tipton underscored during the House Committee on Financial Services hearing that tailored regulation to take into account the size, business model and risk profile of an institution is needed so small banks can continue to provide a vital service to communities in rural areas where access to capital continues to be a challenge to economic growth.

Watch Tipton’s Exchange with Yellen HERE

Yellen said the Federal Reserve is very focused on community banks, to which Tipton replied, “That’s what they’re worried about.”

“I sat down with the community banks in my district and they feel that they’re no longer working as bankers, but working for the federal government, working to comply with regulations that are currently in place,” said Tipton. “While we may have hearings, they don’t feel that anyone is actually listening. This is stagnating growth in those community banks.”

Yellen told Tipton that not all regulations under Dodd-Frank impact community banks, but some, such as the Volcker Rule, do, which she said the Fed is working to tailor its implementation of the rule to minimize the impact on community banks, noting however that they are still subject to it.

Tipton underscored that more needs to be done, and suggested the Federal Reserve join the growing list of supporters for his legislation to require federal regulatory agencies to tailor regulations to fit the business model and risk profile of institutions, instead of imposing less effective and more burdensome one-size-fits-all regulations.

In June, Tipton introduced the Taking Account of Institutions with Low Operation Risk (TAILOR) Act of 2015 (H.R. 2896). The legislation would allow community banks and credit unions to focus more of their resources on providing services to customers and growing their businesses, instead of draining them on excessive compliance. The bill will also free up resources for federal regulators to better focus oversight efforts on higher risk institutions.

The American Bankers Associations (ABA), the Independent Community Bankers of America (ICBA), the Credit Union National Association (CUNA), the National Federal Credit Union Association (NAFCU), and 53 state banking associations have already voiced their support for the legislation.

Read more about the TAILOR Act HERE.


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Tipton Statement on Proposed Iran Nuclear Agreement


WASHINGTON– Congressman Scott Tipton (R-CO) issued the following statement on the Obama Administration’s proposed agreement with Iran: 

“I plan to carefully review the proposed agreement and will not support anything that compromises the safety and security of the United States and our allies. Any agreement must ensure without question that Iran is not able to obtain nuclear weapons. Based on what we have heard so far, there are serious questions and concerns that the proposed agreement fails to achieve that end, would further destabilize the Middle East, cements Iran as a permanent nuclear threat to our allies in the region as well as our own national security interests, and rewards Iran’s bad behavior by easing economic sanctions and infusing over a hundred billion dollars into the economy of the leading state sponsor of terror.

“Throughout negotiations, Iran has acted in bad faith by failing to provide complete information on its nuclear program activities, refusing to allow inspectors full access, and most disturbingly, continuing to sponsor terrorist groups that have shed the blood of U.S. and allied troops and citizens. If Iran has ignored much of the interim deal, it is reckless to assume it will fully adhere to any ‘permanent’ agreement—especially an agreement that rewards bad behavior with eased sanctions, fails to meet the standard of ‘anytime, anywhere’ access to sites for inspectors, and provides a break-out window wide enough for Iran to abandon the agreement and obtain weapons capabilities.

“There is no question that a nuclear Iran would pose a grave threat to the national security of the United States and our allies. It cannot be allowed to happen under any circumstance, and that is the context in which I will be evaluating the deal negotiated by the Obama Administration over the next 60 days.”


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Financial Services Committee Markup of Rep. Scott Tipton's Small Bank Exam Cycle Reform Act

2015-07-29 15:52:50

Rep. Scott Tipton Pressures Interior Department to Save the Colowyo Mine

2015-07-22 16:38:14

Rep. Scott Tipton Speaks on Protecting Private Water Rights on the floor of the House

2015-07-16 17:38:42

Rep. Scott Tipton Pushes Fed Reserve Chair to Tailor Community Bank Regulations

2015-07-15 16:38:22

Witness Tells Rep. Scott Tipton that Federal Reserve Stress Test is Onerous and Ineffective

2015-07-14 15:32:35

Rep. Scott Tipton Questions Witnesses on the Impact of SIFI Designations on Regional Banks

2015-07-08 18:15:50

Rep. Scott Tipton Speaks in Support of Wildfire Prevention Amendment on House Floor

2015-06-25 21:40:12

Rep. Scott Tipton Speaks on Impending Closure of Colowyo Mine on the House Floor

2015-06-16 23:14:03

Rep. Scott Tipton Questions Witnesses on Global Cyber Security Threats

2015-06-16 15:17:56

Rep. Scott Tipton's exchange w/witnesses during Financial Services hearing

2015-06-11 21:16:59

Rep. Scott Tipton Questions Witnesses on State Management of Greater Sage Grouse

2015-05-19 16:09:49

Update from Congressman Scott Tipton

2015-05-15 16:18:30

Rep. Scott Tipton Offers Amendment for Arkansas Valley Conduit on House Floor

2015-04-30 15:27:02

Rep. Scott Tipton Tells Regulators Action is Needed to Ease Burden on Community Banks

2015-04-23 16:33:23

Rep. Scott Tipton Speaks Against Federal Water Grabs

2015-04-14 19:45:21

Rep. Tipton Questions FDIC Director on Operation Chokepoint

2015-03-24 19:31:10

Rep. Scott Tipton Questions U.S. Treasury Secretary Jack Lew on Decline of Community Banks

2015-03-17 17:59:37

Rep. Scott Tipton Legislative Update: Israel, Water Rights, Veterans' Healthcare

2015-03-05 17:48:44

Rep. Scott Tipton questions CFPB Director Richard Cordray on Unaccountable Spending

2015-03-03 22:22:24

Rep. Tipton questions HUD Secretary Castro on state of FHA

2015-02-11 19:23:43

Contact Information

218 Cannon HOB
Washington, DC 20515
Phone 202-225-4761
Fax 202-226-9669

Committee Assignments

Financial Services

Congressman Scott Tipton was raised in Cortez, Colorado. He graduated from Ft. Lewis College in Durango, where he studied Political Science and became the first person in his family to earn a college degree. After college, he returned home to Cortez and co-founded Mesa Verde Indian Pottery with his brother Joe. It was through his business that Scott met his wife, Jean, who is a former school teacher. The Tipton’s have two daughters, Liesl and Elizabeth, and two  sons-in-law, Chris and Jace.

After a lifetime running his small business, Scott was elected as a Republican to the Colorado House of Representatives for the 58th District in November of 2008. During his time at the state House, he worked to ensure quality water for the people of Colorado and to improve the air quality of Southwest Colorado. He also sponsored legislation to protect children from the worst criminal offenders by mandating harsher penalties for child sex-offenders and allowing law enforcement to collect DNA evidence from suspects through Jessica’s Law and Katie’s Law.

Scott was first elected to the U.S. House of Representatives in 2010 and again in 2012 for a second term.

In the 112th Congress, Scott pushed hard to advance a federal version of Katie’s Law to encourage additional states to implement minimum DNA collection standards and enhanced collection processes for felons in order to strengthen law enforcement’s ability to prevent violent crimes, and protect women and children.  That effort became a reality when the President signed Katie’s Law on January 3, 2013.

Using his positions on the House Natural Resources, Agriculture and Small Business Committees, Scott has is fighting for the issues that most directly impact Coloradans, many of which involve our state’s extensive open spaces and natural resources.  In his first term, Scott introduced legislation to encourage healthy forest management and prevent wildfire, as well as passed a bill in the House with bipartisan support to advance the development of clean, renewable hydropower.  He is also leading the charge in Congress to stop a federal grab of privately-held water rights, standing up for farmers and ranchers, the ski industry, and all who rely on their water rights to survive.

Scott is champion of advancing an all-of-the-above energy solution that balances common sense conservation with responsible development. He passed the Planning for American Energy Act through the House (as a title under the American Domestic Energy and Jobs Act) to put requirements into place to develop wind, solar, hydropower, geothermal, oil, natural gas, coal, oil shale and minerals, based on the needs of the American people.

Scott has used his experience as a small businessman to inform his work as a Subcommittee Chairman on the Small Business Committee. Here he has worked to protect farmers and ranchers from regulatory overreach, as well as push for expanded trade opportunities for Colorado products. Scott is a co-founder of the Congressional Small Business Caucus, a bipartisan caucus committed to open dialogue on the issues that most impact small businesses.  Members of the Congressional Small Business Caucus are dedicated to advancing efforts to foster the economic certainty needed for small businesses and entrepreneurs to succeed and create jobs.

In the 113th Congress, Scott continues to represent the many interests of one of the most diverse and geographically vast districts in the nation. He will fight to bring Colorado common sense to Washington—focusing on reforming regulation, protecting Colorado’s natural environment, encouraging responsible all-of-the-above energy development, reducing government spending, and removing hurdles so that small businesses can do what they do best—create jobs.

Serving With

Ken Buck


Doug Lamborn


Mike Coffman


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