II 115th CONGRESS 1st Session S. 923 IN THE SENATE OF THE UNITED STATES April 24, 2017 Mr. Kennedy introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To exempt certain financial institutions from regulations issued under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

1. Short title This Act may be cited as the Reforming Finance for Local Economies Act . 2. Exemption from regulations (a) Definition 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) Exemption 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.