PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 683.
Congressional Research Service
Version 17 · Reported to House with amendment(s) · Aug 3, 2018
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.
People & committees
Rep. Williams, Roger [R-TX-25] · R–TX
Legislative record
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Placed on the Union Calendar, Calendar No. 683.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-885.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-885.
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 25.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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