SMART Act of 2025
Congress targets fewer, combined exams for well-rated banks and credit unions under $6B in assets
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- Congress would let well-managed, well-capitalized banks and credit unions with $6 billion or less in assets get a lighter exam schedule.
- After a full, on-site exam, the next exam would be limited in scope, unless the regulator thinks a full exam is needed.
- Smaller institutions could ask regulators to combine safety, consumer, and cybersecurity-related exams so they happen at the same time.
- The relief would not apply if the institution is under a formal enforcement action, and for banks it also wouldn’t apply after a change in control.
- Regulators would have to write rules within 12 months and report to Congress on exam staffing, time spent on-site, and how they’re following the new approach.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Milestones
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.
Votes
No votes have been recorded for this legislation yet.
Related News
6 articles
ABA expresses support for banking-related bills
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.
Exam relief, anti-regulation by guidance bills set for markup
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.
House Financial Services Committee advances 4 credit union-backed bills
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.
Source Information
Document Type
Congressional Bill
Official Title
SMART Act of 2025
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.