,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #cjdh  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #ad1 #bjae ,mr4 
,williams 7= himself & ,mr4 ,lucas7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to provide an exemption f rules
 & regulations ( ! ,bureau ( ,consum]   
,f9ancial protection = community        
f9ancial in/itutions1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,community ,f9ancial ,in/itution      
,exemption ,act4  #b4 ,exemption =      
community f9ancial in/itutions ,section 
#ajbb7;b7 ( ! ,consum] ,f9ancial        
,protection ,act ( #bjaj 7#ab ,u4,s4,c4 
#eeab7;b77 is am5d$--  7#a7 9 p>agraph  
7#c71 by am5d+ ! head+ to read z foll[s3
 ,g5]al exemptions2  7#b7 by r$esignat+ 
p>agraph 7#d7 z p>agraph 7#e72 &  7#c7  
by ins]t+ aft] p>agraph 7#c7 ! foll[+3  
7#d7 ,specific exemption = community    
f9ancial in/itutions  7,a7 ,9 g5]al     
,community f9ancial in/itutions %all be 
exempt f all rules & regulations issu$  

by ! ,bureau4  7,b7 ,exception ,!       
,bureau may revoke an exemption provid$ 
"u subp>agraph 7,a7 ) respect to a      
specific rule or regulation & a specific
 class ( community f9ancial in/itutions 
if ! ,bureau makes a detail$1 writt5    
f9d+ t su* class ( community f9ancial   
in/itutions has engag$ 9 a patt]n or    
practice ( activities t h be5 detrim5tal
 to ! int]e/s ( consum]s & are ( a type 
t ! specific rule or regulation is      
int5d$ to address4  7,c7 ,effective     
date2 effect on prior rules  7i7        
,effective date ,?is p>agraph %all take 
effect ) respect to rules & regulations 
issu$ or modifi$ aft] ! date ( enactm5t 
( ?is p>agraph4  7ii7 ,effect on prior  
rules ,?is p>agraph %all n prohibit !   
,bureau f modify+ a rule or regulation  
issu$ prior to ! date ( enactm5t ( ?is  
p>agraph ) respect to community f9ancial
 in/itutions if ! effect ( su*          
modification is to exp& a curr5t        
exemption or to r$uce ! co/s & !        
regulatory burd5 associat$ ) comply+ )  

su* rule or regulation4  7,d7 ,def9ition
 ,= purposes ( ?is p>agraph1 ! t]m      
community f9ancial in/itution means an  
insur$ depository in/itution or cr$it   
union ) less ?an #aj1jjj1jjj1jjj 9      
consolidat$ assets4  4