US Congress House Bill 1264 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 31-0)
Status: Introduced on February 28 2017 - 25% progression, died in chamber
Action: 2018-08-03 - Placed on the Union Calendar, Calendar No. 683.
Text: Latest bill text (Introduced) [PDF]

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.

Community Financial Institution Exemption Act

Rep. Roger Williams [R-TX]	Rep. John Culberson [R-TX]	Rep. Brian Babin [R-TX]	Rep. Ted Poe [R-TX]
Rep. David Roe [R-TN]	Rep. Glenn Grothman [R-WI]	Rep. Robert Latta [R-OH]	Rep. Lamar Smith [R-TX]
Rep. Kenny Marchant [R-TX]	Rep. Bill Posey [R-FL]	Rep. Paul Mitchell [R-MI]	Rep. Frank Lucas [R-OK]
Rep. Don Young [R-AK]	Rep. David Trott [R-MI]	Rep. Jack Bergman [R-MI]	Rep. Will Hurd [R-TX]
Rep. Tim Walberg [R-MI]	Rep. Kevin Brady [R-TX]	Rep. Robert Pittenger [R-NC]	Rep. John Carter [R-TX]
Rep. Scott Tipton [R-CO]	Rep. Joe Barton [R-TX]	Rep. Stevan Pearce [R-NM]	Rep. Dennis Ross [R-FL]
Rep. Pete Olson [R-TX]	Rep. John Ratcliffe [R-TX]	Rep. Fred Upton [R-MI]	Rep. Mike Bishop [R-MI]
Rep. John Moolenaar [R-MI]	Rep. Pete Sessions [R-TX]	Rep. Kay Granger [R-TX]

Date	Chamber	Action
2018-08-03	House	Placed on the Union Calendar, Calendar No. 683.
2018-08-03	House	Reported (Amended) by the Committee on Financial Services. H. Rept. 115-885.
2018-01-18	House	Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 25.
2018-01-18	House	Committee Consideration and Mark-up Session Held.
2018-01-17	House	Committee Consideration and Mark-up Session Held.
2018-01-09	House	Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
2017-02-28	House	Referred to the House Committee on Financial Services.
2017-02-28	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/1264/all-info
Text	https://www.congress.gov/115/bills/hr1264/BILLS-115hr1264ih.pdf
Text	https://www.congress.gov/115/bills/hr1264/BILLS-115hr1264rh.pdf