H.R. 3048 · 114th Congress · 2015–2016
Community Financial Institution Exemption Act
H.R. 3048 in the 114th Congress (2015–2016) was introduced on Jul 14, 2015, sponsored by Roger Williams with 46 co-sponsors.
During the 114th Congress (2015–2016), Barack Obama was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Jul 14, 2015
- Co-sponsors
- 46
- Policy area
- Finance and Financial Sector
What it does
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.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Roger Williams (R-TX). Co-sponsors: 3 Democrats, 43 Republicans.
Where it stands
- IntroducedJul 14, 2015
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Financial Services. (Jul 14, 2015)
More bills from Roger Williams in the 114th Congress
Other Finance and Financial Sector bills in the 114th Congress
- H.R. 26: Terrorism Risk Insurance Program Reauthorization Act of 2015
- H.R. 893: Boys Town Centennial Commemorative Coin Act
- H.R. 4246: National Guard and Reservist Debt Relief Extension Act of 2015
- H.R. 2722: Breast Cancer Awareness Commemorative Coin Act
- H.R. 2726: Apollo 11 50th Anniversary Commemorative Coin Act
- H.R. 3784: SEC Small Business Advocate Act of 2016
- H.R. 24: Federal Reserve Transparency Act of 2015
- S. 264: Federal Reserve Transparency Act of 2015
- S. 301: Boys Town Centennial Commemorative Coin Act
- H.R. 446: Shareholder Protection Act of 2015
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 3048 (114th Congress): Community Financial Institution…,” https://www.capitolreceipts.com/bill/114-hr-3048/community-financial-institution-exemption-act (accessed 2026-10-16).