Skip to main content
EnglishEspañol

All bills

Bill would ease bank exams for smaller, well-rated institutions

Passed one chamberH.R. 4437Latest action

Sponsor: William R. Timmons IV · Representative · SC

AIDecoded by AI · checked against the record
Read the official text

Official title: SMART Act of 2025

119th Congress

Topics: Jobs & the economy

Introduced:

Read the official bill on Congress.gov

In plain words

The plain-language version comes first. The official text is always the reference.

The SMART Act of 2025 would streamline federal exams for well-run banks and credit unions with $6 billion or less in assets.

40-second read · 4 questions answered below

What does this do?

HR 4437 lets healthy, well-managed banks and credit unions with $6 billion or less in assets get a shorter, limited-scope exam after a full one, and allows separate exam types to be combined into a single visit. It also sets new rules requiring experienced examiners, limited on-site time, advance notice, and convenient scheduling for smaller institutions generally.

Who does it affect?

This affects small and mid-sized banks and credit unions, and federal regulators including the FDIC and National Credit Union Administration.

Why does it matter?

Institutions under enforcement action or with recent ownership changes would not qualify, meaning regulators retain full oversight where risk is elevated. Regulators would face new annual reporting requirements to Congress tracking compliance with these exam rules.

AI-drafted summary. Check it against the official text before you act on it.

Based on the “Referred in Senate” text of May 13, 2026.

Read the official bill on Congress.gov

Make the call

Three steps: where you stand, your script, the call.

Where do you stand?

Where does it stand?

  1. IntroducedJul 16, 2025
  2. House committee
  3. House vote
  4. SenateYou are here · May 13, 2026
  5. The president's desk

Right now: it passed the House, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the president.

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

Data as of October 9, 2026
See how a call works

Share this bill

Share on WhatsApp

How it's being covered

Coverage of this bill from across the press. Each outlet's political lean is labeled where AllSides has rated it, and marked "Not rated" where it has not.

Newest of these articles:

  • pymnts.com

    Not rated

    House Votes to Cut Red Tape for Smaller Banks

    May 13, 2026

  • americanbanker.com

    Not rated

    House advances community bank relief bills

    May 13, 2026

Lean labels describe the news outlet, not this bill or any party. Ratings by AllSides.