H.R. 1264: Community Financial Institution Exemption Act

CBO Score

$2 million

Date of Report

Fri May 11th, 2018

CBO Report Details

Legislation Details

115th Congress

To provide an exemption from rules and regulations of the Bureau of Consumer Financial protection for community financial institutions, and for other purposes.

Sponsor: Rep. Roger Williams — R — TX

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 specifie...

View the full vote history of this bill on GovTrack.us.

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