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Bridenstine and Mullin Sign On as Co-Sponsors of H.R. 3048
Tuesday, October 13, 2015 7:00 AM

Congressmen James Bridenstine (OK-1) and Markwayne Mullin (OK-2) are the latest members of Oklahoma’s congressional delegation to sign on as co-sponsors for H.R. 3048, "the CFPB Exemption Act" authored by Texas Congressman Roger Williams (TX-25).

Although the CFPB can exempt community financial institutions under $10 billion from certain rules and regulations, to date they have rarely done so. H.R. 3048 would strengthen the exemption language, reducing the regulatory burden on credit unions.

Two other members of the Oklahoma delegation, Congressmen Tom Cole (OK-4) and Frank Lucas (OK-3) signed on to the bill earlier this year.

Thank you to all of the Oklahoma credit union professionals for contacting their members of Congress in support of this important legislation.