Bill Detail
H.R. 4437
Congress: 119
Title
SMART Act of 2025
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.
Sponsor
Rep. William Timmons [R-SC-4]
Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Status as of Aug 5, 8:40 PM · synced 8d ago
Introduced
2025-07-16
Data source mode: congress-gov
Bill Engagement
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 proce…
Lobbyists on the case
- Independent Community Bankers of America4 filings · 18 lobs
- Jenna Burke2026 Q1
- Michael Emancipator2026 Q1
Prepared intelligence brief
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