Congress targets fewer, combined exams for well-rated banks and credit unions under $6B in assets
The SMART Act of 2025 passed the House and was sent to the Senate on May 12, 2026. It is now waiting for the Senate Committee on Banking, Housing, and Urban Affairs to take action. The bill is currently stalled because the Senate has not scheduled any meetings to discuss it since May 2026.
No action since May 2026
How this policy affects specific groups of people
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
DEBATE - The House proceeded with forty minutes of debate on H.R. 4437.
ABA lists and supports H.R. 4437 (SMART Act), describing the $6B threshold, limited-scope exams following full exams, and optional combining of safety-and-soundness with consumer compliance exams.
Pre-markup coverage noting H.R. 4437 would allow combined exams and alternating limited-scope, off-site exams for well-managed, well-capitalized credit unions under $6B in assets.
Recap of committee action stating H.R. 4437 passed 53-1 and would streamline exams via combined exams and alternating limited-scope, off-site exams for qualifying institutions under $6B.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
SMART Act of 2025
Analysis generated by AI. Always verify with official sources.