{"bill":{"id":"119-hr-4437","congress":119,"type":"HR","number":4437,"title":"SMART Act of 2025","originChamber":"House","introducedDate":"2025-07-16","sponsors":[{"bioguideId":"T000480","fullName":"Rep. Timmons, William R. [R-SC-4]","party":"R","state":"SC","district":4}],"cosponsorsCount":1,"latestAction":{"actionDate":"2026-05-13","text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs."},"policyArea":"Finance and Financial Sector","subjects":["Bank accounts, deposits, capital","Banking and financial institutions regulation","Business records","Congressional oversight","Corporate finance and management","Government studies and investigations"],"actions":[{"date":"2026-05-13","text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.","type":"IntroReferral","chamber":"Senate","hasVote":false},{"date":"2026-05-12","text":"Motion to reconsider laid on the table Agreed to without objection.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-05-12","text":"On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3353-3354)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-05-12","text":"Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3353-3354)","type":"Floor","chamber":"Library of Congress","hasVote":false},{"date":"2026-05-12","text":"DEBATE - The House proceeded with forty minutes of debate on H.R. 4437.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-05-12","text":"Considered under suspension of the rules. (consideration: CR H3353-3356)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2026-05-12","text":"Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-09-08","text":"Placed on the Union Calendar, Calendar No. 206.","type":"Calendars","chamber":"House floor actions","hasVote":false},{"date":"2025-09-08","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.","type":"Committee","chamber":"House floor actions","hasVote":false},{"date":"2025-09-08","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.","type":"Committee","chamber":"Library of Congress","hasVote":false},{"date":"2025-07-22","text":"Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 1.","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-07-22","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-07-16","text":"Referred to the House Committee on Financial Services.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-07-16","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-07-16","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Supervisory Modifications for Appropriate Risk-based Testing Act of 2025 or the SMART Act of 2025</strong></p><p>This bill limits the scope of certain examinations and combines oversight procedures for certain small depository institutions and credit unions.</p><p>Specifically, depository institutions and credit unions that are considered well-capitalized and well-managed (per their most recent examination) with assets of $6 billion or less must receive a limited-scope examination, as determined by the appropriate federal regulator, in the year following a full-scope examination. In addition, upon request by the depository institution or credit union, the regulator must combine separate compliance examinations (e.g., safety and soundness examinations and information technology examinations) and perform them at the same time.</p><p>The bill provides exceptions for recently acquired depository institutions and for depository institutions and credit unions subject to certain formal enforcement proceedings or orders.</p>","updateDate":"2026-05-15T03:08:24Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":528,"ts":"2026-07-14T04:23:26.863Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"https://simplefunctions.dev/api/public/query-gov?q=SMART%20Act%20of%202025"}]}}