H.R.1264: Community Financial Institution Exemption Act

About This Bill

Bill Versions

Bill Summary

Community Financial Institution Exemption Act This bill amends the Consumer Financial Protection Act of 2010 to exempt certain financial institutions from all rules and regulations issued by the Consumer Financial Protection Bureau (CFPB). Specifically, the bill exempts from regulation an insured depository institution or credit union with less than $50 billion in consolidated assets. Under specified circumstances, and with the written...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 4 statements associated with H.R.1264.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.1264.

Bill Actions

Date Description
Aug. 3, 2018
Placed on the Union Calendar, Calendar No. 683.
Aug. 3, 2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-885.
Jan. 18, 2018
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 25.
Jan. 18, 2018
Committee Consideration and Mark-up Session Held.
Jan. 17, 2018
Committee Consideration and Mark-up Session Held.
Jan. 9, 2018
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Feb. 28, 2017
Referred to the House Committee on Financial Services.
Feb. 28, 2017

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

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