SMART Act of 2025
Bill journey · stage 2 of 5
Under committee review
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
- Referred in SenateMay 13, 2026
- Engrossed in HouseMay 12, 2026
- Reported in HouseSep 8, 2025
- Introduced in HouseJul 16, 2025
- May 13, 2026IntroReferral
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- May 12, 2026FloorH38310
Motion to reconsider laid on the table Agreed to without objection.
- May 12, 2026FloorH37300
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3353-3354)
- 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)
- May 12, 2026FloorH8D000
DEBATE - The House proceeded with forty minutes of debate on H.R. 4437.
- May 12, 2026FloorH30000
Considered under suspension of the rules. (consideration: CR H3353-3356)
- May 12, 2026FloorH30300
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Sep 8, 2025CalendarsH12410
Placed on the Union Calendar, Calendar No. 206.
- Sep 8, 2025CommitteeH12200
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.
- Sep 8, 2025Committee5000
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.
- Jul 22, 2025Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 1.
- Jul 22, 2025Committee
Committee Consideration and Mark-up Session Held
- Jul 16, 2025IntroReferralH11100
Referred to the House Committee on Financial Services.
- Jul 16, 2025IntroReferralIntro-H
Introduced in House
- Jul 16, 2025IntroReferral1000
Introduced in House