# 114-hr-3048: Community Financial Institution Exemption Act

114-hr-3048, Community Financial Institution Exemption Act, is a 114th Congress bill sponsored by Rep. Williams, Roger [R-TX-25] (R-TX); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-3048
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-3048
- Congress: 114
- Title: Community Financial Institution Exemption Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2015-07-14
- Sponsor: Rep. Williams, Roger [R-TX-25] (R-TX)
- Cosponsors: 46
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (46)

- Rep. Lucas, Frank D. [R-OK-3] (R-OK), 2015-07-14T00:00:00.000Z
- Rep. Hill, J. French [R-AR-2] (R-AR), 2015-07-21T00:00:00.000Z
- Rep. Marchant, Kenny [R-TX-24] (R-TX), 2015-07-21T00:00:00.000Z
- Rep. Cole, Tom [R-OK-4] (R-OK), 2015-07-21T00:00:00.000Z
- Rep. Barr, Andy [R-KY-6] (R-KY), 2015-07-21T00:00:00.000Z
- WALTER JONES (R-NC), 2015-09-08T00:00:00.000Z
- LAMAR SMITH (R-TX), 2015-10-01T00:00:00.000Z
- Rep. Bridenstine, Jim [R-OK-1] (R-OK), 2015-10-07T00:00:00.000Z
- Rep. Mullin, Markwayne [R-OK-2] (R-OK), 2015-10-07T00:00:00.000Z
- Rep. Russell, Steve [R-OK-5] (R-OK), 2015-10-20T00:00:00.000Z
- Rep. Jenkins, Lynn [R-KS-2] (R-KS), 2015-10-20T00:00:00.000Z
- Rep. McKinley, David B. [R-WV-1] (R-WV), 2015-10-23T00:00:00.000Z
- Rep. Flores, Bill [R-TX-17] (R-TX), 2015-10-23T00:00:00.000Z
- Rep. Gohmert, Louie [R-TX-1] (R-TX), 2015-10-26T00:00:00.000Z
- Rep. Hurd, Will [R-TX-23] (R-TX), 2015-11-05T00:00:00.000Z
- JOHN CULBERSON (R-TX), 2015-11-05T00:00:00.000Z
- Rep. Love, Mia B. [R-UT-4] (R-UT), 2015-11-18T00:00:00.000Z
- Rep. Grothman, Glenn [R-WI-6] (R-WI), 2015-11-18T00:00:00.000Z
- Rep. Cuellar, Henry [D-TX-28] (D-TX), 2016-02-03T00:00:00.000Z
- Rep. Reed, Tom [R-NY-23] (R-NY), 2016-02-24T00:00:00.000Z
- Rep. Weber, Randy K. Sr. [R-TX-14] (R-TX), 2016-02-24T00:00:00.000Z
- Rep. Westerman, Bruce [R-AR-4] (R-AR), 2016-02-24T00:00:00.000Z
- Rep. Conaway, K. Michael [R-TX-11] (R-TX), 2016-02-25T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2016-02-25T00:00:00.000Z
- Rep. Poe, Ted [R-TX-2] (R-TX), 2016-02-25T00:00:00.000Z
- Rep. Babin, Brian [R-TX-36] (R-TX), 2016-02-25T00:00:00.000Z
- Rep. Carter, John R. [R-TX-31] (R-TX), 2016-02-29T00:00:00.000Z
- Rep. Luetkemeyer, Blaine [R-MO-3] (R-MO), 2016-02-29T00:00:00.000Z
- Rep. Ratcliffe, John [R-TX-4] (R-TX), 2016-02-29T00:00:00.000Z
- Rep. Posey, Bill [R-FL-8] (R-FL), 2016-02-29T00:00:00.000Z
- Rep. Emmer, Tom [R-MN-6] (R-MN), 2016-03-01T00:00:00.000Z
- Rep. Pittenger, Robert [R-NC-9] (R-NC), 2016-03-01T00:00:00.000Z
- PETER KING (R-NY), 2016-03-01T00:00:00.000Z
- Rep. Crawford, Eric A. "Rick" [R-AR-1] (R-AR), 2016-03-01T00:00:00.000Z
- Rep. Olson, Pete [R-TX-22] (R-TX), 2016-03-01T00:00:00.000Z
- Rep. Guinta, Frank C. [R-NH-1] (R-NH), 2016-03-14T00:00:00.000Z
- Rep. Tipton, Scott R. [R-CO-3] (R-CO), 2016-03-14T00:00:00.000Z
- Rep. Granger, Kay [R-TX-12] (R-TX), 2016-03-14T00:00:00.000Z
- Rep. Ross, Dennis A. [R-FL-15] (R-FL), 2016-03-14T00:00:00.000Z
- Rep. Pearce, Stevan [R-NM-2] (R-NM), 2016-03-15T00:00:00.000Z
- Rep. Westmoreland, Lynn A. [R-GA-3] (R-GA), 2016-04-12T00:00:00.000Z
- Rep. Stivers, Steve [R-OH-15] (R-OH), 2016-04-27T00:00:00.000Z
- GENE GREEN (D-TX), 2016-06-09T00:00:00.000Z
- Rep. Vela, Filemon [D-TX-34] (D-TX), 2016-07-06T00:00:00.000Z
- Rep. Womack, Steve [R-AR-3] (R-AR), 2016-07-06T00:00:00.000Z
- Rep. Brady, Kevin [R-TX-8] (R-TX), 2016-09-22T00:00:00.000Z

## Related bills

- 114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015
- 114-hr-160: Protect Medical Innovation Act of 2015
- 114-hr-4773: Protecting Workplace Advancement and Opportunity Act
- 114-hr-3929: Office of Strategic Services Congressional Gold Medal Act
- 114-hr-1624: Protecting Affordable Coverage for Employees Act
- 114-hr-1475: Korean War Veterans Memorial Wall of Remembrance Act

## Sources
- [114-hr-3048 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/3048)

## Related
- [114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015](https://policyrisk.com/legislation/114-hr-1190)
- [114-hr-160: Protect Medical Innovation Act of 2015](https://policyrisk.com/legislation/114-hr-160)
- [114-hr-4773: Protecting Workplace Advancement and Opportunity Act](https://policyrisk.com/legislation/114-hr-4773)
- [114-hr-3929: Office of Strategic Services Congressional Gold Medal Act](https://policyrisk.com/legislation/114-hr-3929)
- [114-hr-1624: Protecting Affordable Coverage for Employees Act](https://policyrisk.com/legislation/114-hr-1624)
- [114-hr-1475: Korean War Veterans Memorial Wall of Remembrance Act](https://policyrisk.com/legislation/114-hr-1475)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-3048 (as of 2025-11-18).