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LEGISLATION/H.R. 4437

SMART Act of 2025

119-HR-4437119th CongressIntroduced Jul 16, 2025Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Rep. Timmons, William R. [R-SC-4](R-SC-4)
1 cosponsor

Summary

Supervisory Modifications for Appropriate Risk-based Testing Act of 2025 or the SMART Act of 2025

This bill limits the scope of certain examinations and combines oversight procedures for certain small depository institutions and credit unions.

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.

The bill provides exceptions for recently acquired depository institutions and for depository institutions and credit unions subject to certain formal enforcement proceedings or orders.

Subjects

Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness recordsCongressional oversightCorporate finance and managementGovernment studies and investigations

Actions (15)

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 13, 2026Senate
Motion to reconsider laid on the table Agreed to without objection.
May 12, 2026House floor actions
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3353-3354)
May 12, 2026House floor actions
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)
May 12, 2026Library of Congress
DEBATE - The House proceeded with forty minutes of debate on H.R. 4437.
May 12, 2026House floor actions
Considered under suspension of the rules. (consideration: CR H3353-3356)
May 12, 2026House floor actions
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
May 12, 2026House floor actions
Placed on the Union Calendar, Calendar No. 206.
Sep 8, 2025House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.
Sep 8, 2025House floor actions
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.
Sep 8, 2025Library of Congress
Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 1.
Jul 22, 2025House committee actions
Committee Consideration and Mark-up Session Held
Jul 22, 2025House committee actions
Referred to the House Committee on Financial Services.
Jul 16, 2025House floor actions
Introduced in House
Jul 16, 2025Library of Congress
Introduced in House
Jul 16, 2025Library of Congress
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