H.R. 4437

119th Congress

In Committee

SMART Act of 2025

Sponsored byRepublican:Rep. Timmons, William R. [R-SC-4]SC· Introduced 16 July 2025
Open on Congress.gov

1

Cosponsors

15

Actions

0

Amendments

2

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

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

13 May 2026·2 months ago

Summary

Introduced in House · Updated 7 May 2026

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.

Timeline

15 actions

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

    13 May 2026 · IntroReferral

  2. Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

    12 May 2026 · Floor

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

    12 May 2026 · Floor

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

    12 May 2026 · Floor

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

    12 May 2026 · Floor

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

    12 May 2026 · Floor

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

    12 May 2026 · Floor

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

    12 May 2026 · Floor

  9. Placed on the Union Calendar, Calendar No. 206.

    8 September 2025 · Calendars

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

    8 September 2025 · Committee

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

    8 September 2025 · Committee

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

    8 September 2025 · Committee

  13. Committee Consideration and Mark-up Session Held

    22 July 2025 · Committee

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

    22 July 2025 · Committee

  15. Committee Consideration and Mark-up Session Held

    22 July 2025 · Committee

  16. Referred to the House Committee on Financial Services.

    16 July 2025 · IntroReferral

  17. Introduced in House

    16 July 2025 · IntroReferral

  18. Introduced in House

    16 July 2025 · IntroReferral

  19. Introduced in House

    16 July 2025 · IntroReferral

Sponsorship

1 cosponsors

Sponsor

Republican:Rep. Timmons, William R. [R-SC-4]SC

Cosponsors

  • Democrat1100%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness recordsCongressional oversightCorporate finance and managementGovernment studies and investigations

Committees

2

  • Financial Services Committee

    House · Standing

    • Referred To16 Jul 2025
    • Markup By22 Jul 2025
    • Reported By8 Sept 2025

  • Banking, Housing, and Urban Affairs Committee

    Senate · Standing

    • Referred To13 May 2026

Reports

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