H.R. 4437: SMART Act of 2025
A House bill (H.R.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | House bill (H.R.) |
| Originating chamber | House |
| Introduced | 2025-07-16 |
| Sponsor | Rep. Timmons, William R. [R-SC-4] |
| Policy area | Finance and Financial Sector |
| Cosponsors | 1 |
| Latest action | 2026-05-13 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Last updated | 2026-07-18 |
Summary
Official summary (Introduced in House, 2025-07-16):
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.
Cosponsors (1)
| Name | Party / state |
|---|---|
| Bill Foster | D IL (original cosponsor) 2025-07-16 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for H.R. 4437 are published by Congress on congress.gov.
View H.R. 4437 on congress.gov →
Frequently asked questions
What is H.R. 4437?
H.R. 4437 is a House bill (H.R.) introduced in the 119th U.S. Congress, originating in the House. Official title: SMART Act of 2025.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for H.R. 4437 are available on congress.gov.
Bill data: congress.gov API (official congressional records).