SMART Act of 2025
- Last Action
- 5/13/2026
Actions
- 2026-05-13Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2026-05-12Motion to reconsider laid on the table Agreed to without objection.
- 2026-05-12On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3353-3354)
- 2026-05-12Passed/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)
- 2026-05-12DEBATE - The House proceeded with forty minutes of debate on H.R. 4437.
- 2026-05-12Considered under suspension of the rules. (consideration: CR H3353-3356)
- 2026-05-12Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- 2025-09-08Placed on the Union Calendar, Calendar No. 206.
- 2025-09-08Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.
- 2025-09-08Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.
- 2025-07-22Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 1.
- 2025-07-22Committee Consideration and Mark-up Session Held
- 2025-07-16Referred to the House Committee on Financial Services.
- 2025-07-16Introduced in House
- 2025-07-16Introduced in House
CRS Summary
As of 2025-07-16 (00)
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)
- Bill Foster (D-IL)
Subjects
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Business records
- Congressional oversight
- Corporate finance and management
- Government studies and investigations
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.