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HR 4437 119th Congress House Finance and Financial Sector

SMART Act of 2025

Introduced: July 16, 2025 Introduced by: Timmons, William R. Republican · South Carolina See on congress.gov
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 Everywhere this bill has been 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 13, 2026
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 12, 2026
Motion to reconsider laid on the table Agreed to without objection.
May 12, 2026
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3353-3354)
May 12, 2026
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, 2026
DEBATE - The House proceeded with forty minutes of debate on H.R. 4437.
May 12, 2026
Considered under suspension of the rules. (consideration: CR H3353-3356)
May 12, 2026
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
Sep 8, 2025
Placed on the Union Calendar, Calendar No. 206.
Sep 8, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.
Jul 22, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 1.
Jul 22, 2025
Committee Consideration and Mark-up Session Held
Jul 16, 2025
Referred to the House Committee on Financial Services.
Jul 16, 2025
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now May 13, 2026

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

 Cosponsors 1
All 1 Democratic 1