H.R. 4437 · 119th Congress
Supervisory Modifications for Appropriate Risk-based Testing Act of 2025
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Passed the House without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted. Its text can still change before it becomes law.
R
TimmonsSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Jul 16, 2025
- House Passed May 12, 2026
Supervisory Modifications for Appropriate Risk-based Testing Act of 2025 or the SMART Act of 2025
What it does: CRS summary · 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: SMART Act of 2025
Latest action (May 13, 2026): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jul 16, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Jul 16, 2025
- House Passed May 12, 2026
No recorded floor vote found.