Ask AI
Bill119th CongressFiled Jul 16, 2025Finance and Financial Sector
H.R. 4437

SMART Act of 2025

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary introduced in house (Jul 16, 2025)

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 just happenedMay 13, 2026

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

Who’s behind it

Rep. Timmons, William R. [R-SC-4](R-SC)Sponsor
1 cosponsor1 D
Read on Congress.gov
1cosponsors2committees15actions1related bills6subjects
  1. May 13, 2026IntroReferral

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

    Banking, Housing, and Urban Affairs Committee
  2. May 12, 2026FloorH38310

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

  3. May 12, 2026FloorH37300

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

  4. May 12, 2026Floor8000

    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)

  5. May 12, 2026FloorH8D000

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

  6. May 12, 2026FloorH30000

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

  7. May 12, 2026FloorH30300

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

  8. Sep 8, 2025CalendarsH12410

    Placed on the Union Calendar, Calendar No. 206.

  9. Sep 8, 2025CommitteeH12200

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

    Financial Services Committee
  10. Sep 8, 2025Committee5000

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

    Financial Services Committee
  11. Jul 22, 2025Committee

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

    Financial Services Committee
  12. Jul 22, 2025Committee

    Committee Consideration and Mark-up Session Held

    Financial Services Committee
  13. Jul 16, 2025IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  14. Jul 16, 2025IntroReferralIntro-H

    Introduced in House

  15. Jul 16, 2025IntroReferral1000

    Introduced in House

SMART Act of 2025 — Informed