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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

Introduced: February 28, 2017 Introduced by: Williams, Roger Republican · Texas See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service

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 August 3, 2018

Placed on the Union Calendar, Calendar No. 683.

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 21
All 21 Republican 9
Granger, Kay
· Jul 10, 2018
 R
Sessions, Pete
Texas · Nov 9, 2017
 R
Moolenaar, John R.
Michigan · Nov 2, 2017
Bishop, Mike
· Jul 27, 2017
Ratcliffe, John
· Jul 25, 2017
BARTON, JOE
· Jul 19, 2017
Pearce, Stevan
· Jul 19, 2017
BRADY, KEVIN
· Jul 12, 2017
 R
Carter, John R.
Texas · Jul 12, 2017
Pittenger, Robert
· Jul 12, 2017
Hurd, Will
· Jun 29, 2017
 R
Walberg, Tim
Michigan · Jun 29, 2017
 R
Bergman, Jack
Michigan · Jun 21, 2017
 R
Lucas, Frank D.
Oklahoma · May 16, 2017
Mitchell, Paul
· May 16, 2017
Trott, David
· May 16, 2017
 R
Grothman, Glenn
Wisconsin · Apr 6, 2017
 R
Latta, Robert E.
Ohio · Apr 6, 2017
SMITH, LAMAR
· Apr 6, 2017
 R
Babin, Brian
Texas · Mar 28, 2017
CULBERSON, JOHN
· Mar 28, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1264: Community Financial Institution Exemption Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-1264/
MLA
"H.R. 1264: Community Financial Institution Exemption Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-1264/.
Bluebook (legal)
H.R. 1264, 115th Cong. (2026), https://openamerica.io/bill/115-HR-1264/.
Markdown link
[H.R. 1264: Community Financial Institution Exemption Act](https://openamerica.io/bill/115-HR-1264/)
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