HR 1264
115th Congress
House
Finance and Financial Sector
Administrative law and regulatory procedures
Banking and financial institutions regulation
Consumer Financial Protection Bureau
Community Financial Institution Exemption Act
Everywhere this bill has been
8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
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 House
Plain-English 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 agreement of the Federal Reserve Board and other specified federal banking agencies, the CFPB may revoke such an exemption with respect to a certain rule or regulation and a specific class of institutions.
What's happening now
Placed on the Union Calendar, Calendar No. 683.
Committees of jurisdiction
2