115 S923 IS: Reforming Finance for Local Economies Act
U.S. Senate
2017-04-24
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EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
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This Act may be cited as the Reforming Finance for Local Economies Act
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2.Exemption from regulations
(a)In this section, the term financial institution means a bank, a credit union, or a savings association, as those terms are defined in section 2 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301), that has not more than $10,000,000,000 in total consolidated assets.
(b)No regulation issued under the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 et seq.) or any amendment made by that Act shall apply to a financial institution.