H.R. 4437 · 119th Congress

SMART Act of 2025

Introduced on Jul 16, 2025 by William R. Timmons IV (R-SC-4). One cosponsor. Latest action (May 13, 2026): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Stage
Passed one chamber
Introduced
Jul 16, 2025
Cosponsors
1
1 from the other party
Policy area
Finance and Financial Sector
Open in the Congress explorerCongress.govAlert me

Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. Reported by committee
  3. Passed one chamber
  4. 4Passed both chambers
  5. 5Sent to the President
  6. 6Became law

Official title

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

Subjects

  • Bank accounts, deposits, capital
  • Banking and financial institutions regulation
  • Business records
  • Congressional oversight
  • Corporate finance and management
  • Government studies and investigations

Summary

By the Congressional Research Service (Introduced in House, Jul 16, 2025). Public domain.

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.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

William R. Timmons IVR-SC-4Sponsor

Democrats · 1

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

No recorded roll call on this measure: it moved by voice vote or unanimous consent, or has not reached the floor.

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Jul 16, 2025Introduced in House
  2. Jul 16, 2025Introduced in House
  3. Jul 16, 2025 · HouseReferred to the House Committee on Financial Services.
  4. Jul 22, 2025 · HouseCommittee Consideration and Mark-up Session Held
  5. Jul 22, 2025 · HouseOrdered to be Reported (Amended) by the Yeas and Nays: 53 - 1.
  6. Sep 8, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-249.
  7. Sep 8, 2025 · HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-249.
  8. Sep 8, 2025 · HousePlaced on the Union Calendar, Calendar No. 206.
  9. May 12, 2026 · HouseMr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  10. May 12, 2026 · HouseConsidered under suspension of the rules. (consideration: CR H3353-3356)
  11. May 12, 2026 · HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 4437.
  12. May 12, 2026Passed/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)
  13. May 12, 2026 · HouseOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3353-3354)
  14. May 12, 2026 · HouseMotion to reconsider laid on the table Agreed to without objection.
  15. May 13, 2026 · SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Who lobbied on it

Organizations whose lobbying reports (LD-2) name this measure. Spending is what they reported for those quarters on all issues, not on this measure alone.

  1. AMERICAN FINTECH COUNCIL8 reports
    $300K reported (all issues)
  2. CREDIT UNION NATIONAL ASSOCIATION, INC.4 reports
    $4.6M reported (all issues)
  3. Chamber of Commerce of the U.S.A.4 reports
    $68.3M reported (all issues)
  4. INDEPENDENT COMMUNITY BANKERS OF AMERICA4 reports
    $5.2M reported (all issues)
  5. American Bankers Association3 reports
    $8.4M reported (all issues)Federal contractor: AMERICAN BANKERS ASSOCIATIONAI match · 100%
  6. Community Bankers Association of Illinois1 report
    $65K reported (all issues)

Reports filed in 2025, 2026.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 10, 2026 · loaded Oct 10, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 10, 2026 · loaded Oct 10, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.
  • Money and votes are shown side by side; neither explains the other.