SMART Act of 2025

Summary

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.

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Timeline

1. 16 July 2025

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 16 July 2025

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 July 2025

   Introduced

   Introduced in House

   Source: IntroReferral

4. 22 July 2025

   Vote

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

   Source: Committee

5. 22 July 2025

   Committee

   Committee Consideration and Mark-up Session Held

   Source: Committee

6. 8 September 2025

   Calendars

   Placed on the Union Calendar, Calendar No. 206.

   Source: Calendars

7. 8 September 2025

   Reported

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

   Source: Committee

8. 8 September 2025

   Reported

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

   Source: Committee

9. 12 May 2026

   Passed

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

   Source: Floor

10. 12 May 2026

    Passed

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

    Source: Floor

11. 12 May 2026

    Passed

    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)

    Source: Floor

12. 12 May 2026

    Floor

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

    Source: Floor

13. 12 May 2026

    Floor

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

    Source: Floor

14. 12 May 2026

    Floor

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

    Source: Floor

15. 13 May 2026

    Introduced

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

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

5 official files

• Referred in Senate

  Referred in Senate · EN · 13 May 2026

  ViewDownloadOpen at official source

• Engrossed in House

  Engrossed in House · EN · 12 May 2026

  ViewDownloadOpen at official source

• Reported in House

  Reported in House · EN · 8 September 2025

  ViewDownloadOpen at official source

• Introduced in House

  Introduced in House · EN · 16 July 2025

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 July 2025

  Open at official source

Sponsors

• William Timmons · R · Sponsor
• Rep. Foster, Bill [D-IL-11] · D · Sponsor
• · ssbk00 · Standing
• · hsba00 · Standing

Related records

• related to ← Main Street Capital Access Act