H.R.3048: Community Financial Institution Exemption Act

About This Bill

Bill Summary

Community Financial Institution Exemption Act Amends the Consumer Financial Protection Act of 2010 to exempt community financial institutions from all rules and regulations issued by the Consumer Financial Protection Bureau. Defines a "community financial institution" as an insured depository institution or credit union with less than $10 billion in consolidated assets. Authorizes the Bureau to: (1) revoke such an exemption with respect to a...

(Source: Library of Congress)

Bill Actions

Date Description
July 14, 2015
Referred to the House Committee on Financial Services.
July 14, 2015

Introduced in the House by Roger Williams (R-Texas)

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