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SMART Act of 2025

5/15/2026, 3:08 AM

Summary of Bill HR 4437

The bill titled "To reduce the regulatory burden on certain well managed and well capitalized financial institutions, and for other purposes," designated as H.R. 4437 in the 119th Congress, introduced on July 16, 2025, aims to lessen regulatory requirements for financially sound institutions and address other related matters.

Congressional Summary of HR 4437

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.

Read the Full Bill

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Current Status of Bill HR 4437

Bill HR 4437 is currently in the status of Introduced to Senate since May 13, 2026. Bill HR 4437 was introduced during Congress 119 and was introduced to the House on July 16, 2025. Bill HR 4437's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of May 13, 2026

Bipartisan Support of Bill HR 4437

Total Number of Sponsors

1

Democrat Sponsors

0

Republican Sponsors

1

Unaffiliated Sponsors

0

Total Number of Cosponsors

1

Democrat Cosponsors

1

Republican Cosponsors

0

Unaffiliated Cosponsors

0

Policy Area and Potential Impact of Bill HR 4437

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 4437

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

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

Comments

Joseph Higgins

11 months ago

Can't believe this new bill is gonna mess with my taxes! Why do they always gotta make things more complicated? Ugh, this is gonna be a headache to deal with. #HR4437SMARTAct #NotHappy

Chance Whitley

9 months ago

I don't like this new bill, it's gonna mess things up for me.

Sponsors and Cosponsors of HR 4437

William R. Timmons IV

William R. Timmons IV

South CarolinaRepublican

Bill Foster

Bill Foster

IllinoisDemocrat

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