House: New Bill Introduced by Roger Williams – “Community Financial Institution Exemption ActTo provide an exemption from rules and regulations of the Bureau of Consumer Financial protection for community financial institutions, and for other purposes.”

New bill introduced: To provide an exemption from rules and regulations of the Bureau of Consumer Financial protection for community financial institutions, and for other purposes.

Republican Representative Roger Williams from the state of TX, along with thirty cosponsors, introduced bill H.R.1264 on Feb 28, 2017. The bill is mainly related to these subjects Administrative law and regulatory procedures, Banking and financial institutions regulation, Consumer Financial Protection Bureau and Finance and Financial Sector.

Here is a short summary of the bill:
“Community Financial Institution Exemption Act This bill 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 (CFPB). A “community financial institution” is 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 fede…”

There are currently no amendments. The bill’s cosponsors are all Republicans. So far none of the bill’s cosponsors has withdrawn their support.

Roger Williams Short bio

Roger Williams was born on a 1949 in Evanston.

Roger Williams has held a number of positions, including United States representative and Secretary of State of Texas. He was educated at the Texas Christian University.

Roger Williams’s Work in Congress

  • Served as Representative for TX (district 25) from Jan 2017 to Jan 2019 in the House 115th congress. He voted along party lines 96.67 percent of the time. He served on the Committee on Financial Services. During this period Roger Williams missed 0.92% of the votes, sponsored 13 bills , cosponsored 169 bills.
  • Served as Representative for TX (district 25) from Jan 2015 to Jan 2017 in the House 114th congress. He voted along party lines 96.13 percent of the time. He served on the Committee on Financial Services. During this period Roger Williams missed 6.34% of the votes, sponsored 20 bills , cosponsored 159 bills.
  • Served as Representative for TX (district 25) from Jan 2013 to Jan 2015 in the House 113th congress. He voted along party lines 96.86 percent of the time. He served on the Committee on the Budget and the Committee on Transportation and Infrastructure. During this period Roger Williams missed 3.69% of the votes, sponsored 7 bills , cosponsored 138 bills.
Picture of Rep. Roger Williams (R)
Rep. Roger Williams (R)