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H.R. 4437 119th Congress House

SMART Act of 2025

Official title: To reduce the regulatory burden on certain well managed and well capitalized financial institutions, and for other purposes.

Introduced: July 16, 2025 Introduced by: William R. Timmons IV Republican · South Carolina See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness recordsCongressional oversight
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 Everywhere this bill has been 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 13, 2026
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 12, 2026 · 3:15 PM EDT
DEBATE - The House proceeded with forty minutes of debate on H.R. 4437.
May 12, 2026 · 3:15 PM EDT
Considered under suspension of the rules. (consideration: CR H3353-3356)
May 12, 2026 · 3:15 PM EDT
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
May 12, 2026 · 3:30 PM EDT
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3353-3354)
May 12, 2026 · 3:30 PM EDT
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)
May 12, 2026 · 3:30 PM EDT
Motion to reconsider laid on the table Agreed to without objection.
Sep 8, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.
Sep 8, 2025
Placed on the Union Calendar, Calendar No. 206.
Jul 22, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 1.
Jul 22, 2025
Committee Consideration and Mark-up Session Held
Jul 16, 2025
Introduced in House
Jul 16, 2025
Referred to the House Committee on Financial Services.
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What's happening now May 13, 2026

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

 Plain-English summary Congressional Research Service

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.

 Hearings & markups 1
  • Various Measures
    Markup Jul 22, 2025 · 10:00 AM EDT · Financial Services Committee
 Related & companion bills 1
  • HR 6955 Main Street Capital Access Act
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Lobbying activity 33

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

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 Cosponsors 1
All 1 Democratic 1
D
Foster, Bill
Illinois · Jul 16, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4437: SMART Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-HR-4437/
MLA
"H.R. 4437: SMART Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-4437/.
Bluebook (legal)
H.R. 4437, 119th Cong. (2026), https://openamerica.io/bill/119-HR-4437/.
Markdown link
[H.R. 4437: SMART Act of 2025](https://openamerica.io/bill/119-HR-4437/)
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