HR 4437 119th Congress

SMART Act of 2025

Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Congress.gov

Sponsors

Rep. Timmons, William R. [R-SC-4]

Rep. Timmons, William R. [R-SC-4]

R — SC

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.

Actions

2026-05-13T00:00:00

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-05-12T00:00:00

Motion to reconsider laid on the table Agreed to without objection.

2026-05-12T00:00:00

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3353-3354)

2026-05-12T00:00:00

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)

2026-05-12T00:00:00

DEBATE - The House proceeded with forty minutes of debate on H.R. 4437.

2026-05-12T00:00:00

Considered under suspension of the rules. (consideration: CR H3353-3356)

2026-05-12T00:00:00

Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

2025-09-08T00:00:00

Placed on the Union Calendar, Calendar No. 206.

2025-09-08T00:00:00

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.

2025-09-08T00:00:00

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.

2025-07-22T00:00:00

Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 1.

2025-07-22T00:00:00

Committee Consideration and Mark-up Session Held

2025-07-16T00:00:00

Referred to the House Committee on Financial Services.

2025-07-16T00:00:00

Introduced in House

2025-07-16T00:00:00

Introduced in House

Policy Areas

Finance and Financial Sector

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