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114-hr-3048114th Congress

Community Financial Institution Exemption Act

Sponsored By: Representative Williams, Roger [R-TX-25]

Unknown

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 specific rule or regulation issued or modified after enactment of this Act and with respect to a specific class of community financial institutions if the Bureau finds that such class of institutions has engaged in a pattern or practice of activities that have been detrimental to the interests of consumers and that are of a type that the specific rule or regulation is intended to address, and (2) modify a rule or regulation issued before enactment of this Act with respect to such institutions if the effect of such modification is to expand a current exemption or to reduce the costs and the regulatory burden associated with complying with such rule or regulation.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Williams, Roger [R-TX-25]

TX • R

Cosponsors

  • Rep. Lucas, Frank D. [R-OK-3]

    OK • R

    Sponsored 7/14/2015

  • Rep. Hill, J. French [R-AR-2]

    AR • R

    Sponsored 7/21/2015

  • Rep. Marchant, Kenny [R-TX-24]

    TX • R

    Sponsored 7/21/2015

  • Rep. Cole, Tom [R-OK-4]

    OK • R

    Sponsored 7/21/2015

  • Rep. Barr, Andy [R-KY-6]

    KY • R

    Sponsored 7/21/2015

  • WALTER JONES

    NC • R

    Sponsored 9/8/2015

  • LAMAR SMITH

    TX • R

    Sponsored 10/1/2015

  • Rep. Bridenstine, Jim [R-OK-1]

    OK • R

    Sponsored 10/7/2015

  • Rep. Mullin, Markwayne [R-OK-2]

    OK • R

    Sponsored 10/7/2015

  • Rep. Russell, Steve [R-OK-5]

    OK • R

    Sponsored 10/20/2015

  • Rep. Jenkins, Lynn [R-KS-2]

    KS • R

    Sponsored 10/20/2015

  • Rep. McKinley, David B. [R-WV-1]

    WV • R

    Sponsored 10/23/2015

  • Rep. Flores, Bill [R-TX-17]

    TX • R

    Sponsored 10/23/2015

  • Rep. Gohmert, Louie [R-TX-1]

    TX • R

    Sponsored 10/26/2015

  • Rep. Hurd, Will [R-TX-23]

    TX • R

    Sponsored 11/5/2015

  • JOHN CULBERSON

    TX • R

    Sponsored 11/5/2015

  • Rep. Love, Mia B. [R-UT-4]

    UT • R

    Sponsored 11/18/2015

  • Rep. Grothman, Glenn [R-WI-6]

    WI • R

    Sponsored 11/18/2015

  • Rep. Cuellar, Henry [D-TX-28]

    TX • D

    Sponsored 2/3/2016

  • Rep. Reed, Tom [R-NY-23]

    NY • R

    Sponsored 2/24/2016

  • Rep. Weber, Randy K. Sr. [R-TX-14]

    TX • R

    Sponsored 2/24/2016

  • Rep. Westerman, Bruce [R-AR-4]

    AR • R

    Sponsored 2/24/2016

  • Rep. Conaway, K. Michael [R-TX-11]

    TX • R

    Sponsored 2/25/2016

  • Rep. Sessions, Pete [R-TX-17]

    TX • R

    Sponsored 2/25/2016

  • Rep. Poe, Ted [R-TX-2]

    TX • R

    Sponsored 2/25/2016

  • Rep. Babin, Brian [R-TX-36]

    TX • R

    Sponsored 2/25/2016

  • Rep. Carter, John R. [R-TX-31]

    TX • R

    Sponsored 2/29/2016

  • Rep. Luetkemeyer, Blaine [R-MO-3]

    MO • R

    Sponsored 2/29/2016

  • Rep. Ratcliffe, John [R-TX-4]

    TX • R

    Sponsored 2/29/2016

  • Rep. Posey, Bill [R-FL-8]

    FL • R

    Sponsored 2/29/2016

  • Rep. Emmer, Tom [R-MN-6]

    MN • R

    Sponsored 3/1/2016

  • Rep. Pittenger, Robert [R-NC-9]

    NC • R

    Sponsored 3/1/2016

  • PETER KING

    NY • R

    Sponsored 3/1/2016

  • Rep. Crawford, Eric A. "Rick" [R-AR-1]

    AR • R

    Sponsored 3/1/2016

  • Rep. Olson, Pete [R-TX-22]

    TX • R

    Sponsored 3/1/2016

  • Rep. Guinta, Frank C. [R-NH-1]

    NH • R

    Sponsored 3/14/2016

  • Rep. Tipton, Scott R. [R-CO-3]

    CO • R

    Sponsored 3/14/2016

  • Rep. Granger, Kay [R-TX-12]

    TX • R

    Sponsored 3/14/2016

  • Rep. Ross, Dennis A. [R-FL-15]

    FL • R

    Sponsored 3/14/2016

  • Rep. Pearce, Stevan [R-NM-2]

    NM • R

    Sponsored 3/15/2016

  • Rep. Westmoreland, Lynn A. [R-GA-3]

    GA • R

    Sponsored 4/12/2016

  • Rep. Stivers, Steve [R-OH-15]

    OH • R

    Sponsored 4/27/2016

  • GENE GREEN

    TX • D

    Sponsored 6/9/2016

  • Rep. Vela, Filemon [D-TX-34]

    TX • D

    Sponsored 7/6/2016

  • Rep. Womack, Steve [R-AR-3]

    AR • R

    Sponsored 7/6/2016

  • Rep. Brady, Kevin [R-TX-8]

    TX • R

    Sponsored 9/22/2016

Roll Call Votes

No roll call votes available for this bill.

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