1. Short title This Act may be cited as the Community Bank Sensible Regulation Act of 2017 . 2. Exemptive authority for the Federal Deposit Insurance Corporation Section 10 of the Federal Deposit Insurance Act ( 12 U.S.C. 1820 ) is amended by adding at the end the following: (l) Exemptive authority (1) In general Notwithstanding any other provision of law, the Corporation, after considering the factors in paragraph (3), may exempt by rule any depository institution having less than $10,000,000,000 in total assets from— (A) any provision of this Act; (B) any rule promulgated under this Act; or (C) any rule promulgated under any other Act that confers authority to the Corporation. (2) Conditions The Corporation may impose conditions on an exemption granted under paragraph (1). (3) Factors to consider In granting an exemption under paragraph (1), the Corporation shall consider, as appropriate, the extent to which— (A) the provision or rule would impose an unnecessary or undue burden or cost on the depository institution; (B) the provision or rule is unnecessary or unwarranted in order to promote the safety and soundness of the depository institution; and (C) the exemption is necessary, appropriate, or consistent with the public interest. (4) Indexation of asset threshold The asset threshold identified in paragraph (1) shall be increased annually at a percentage equal to the percentage change in the total aggregate assets of insured depository institutions for each 12-month period ending in December of each year, rounded to the nearest $10,000,000. . 3. Exemptive authority for the Office of the Comptroller of the Currency (a) Exemptive authority with respect to national banks Section 5239A of the Revised Statutes ( 12 U.S.C. 93a ) is amended— (1) by striking Except and inserting the following: (a) In general Except