,,ii  #aaeth ,,congress  #ast ,session  
,s4 #ibc  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,april #bd1 #bjag   
,mr4 ,kennedy introduced the following  
bill2 which was read twice and referred 
to the ,committee on ,banking1 ,housing1
 and ,urban ,affairs  ,a ,,bill  ,to    
exempt certain financial institutions   
from regulations issued under the       
,dodd-,frank ,wall ,street ,reform and  
,consumer ,protection ,act4  #a4 ,short 
title  ,this ,act may be cited as the   
,reforming ,finance for ,local          
,economies ,act4  #b4 ,exemption from   
regulations  7a7 ,definition ,in this   
section1 the term financial institution 
means a bank1 a credit union1 or a      
savings association1 as those terms are 
defined in section #b of the            
,dodd-,frank ,wall ,street ,reform and  
,consumer ,protection ,act 7#ab         
,u4,s4,c4 #ecja71 that has not more than
 #aj1jjj1jjj1jjj in total consolidated  
assets4  7b7 ,exemption ,no regulation  
issued under the ,dodd-,frank ,wall     

,street ,reform and ,consumer           
,protection ,act 7#ab ,u4,s4,c4 #ecja et
 seq47 or any amendment made by that    
,act shall apply to a financial         
institution4