Smaller, well-run banks and credit unions would not have to go through a full in-person exam every time. They could also ask regulators to combine several reviews into one visit, while regulators keep power to do extra checks when needed.
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SMART Act of 2025 is a House bill passed by the House. The latest recorded action: 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).
Latest action on H.R. 4437: 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)
Who this affects: This bill mainly affects community banks and credit unions with $6 billion or less in assets. It matters most to institutions that are already well run and have enough capital. It also affects federal bank regulators, who would need to change exam rules, track exam practices, and report data to Congress.
Why this matters: This bill could make regulator exams less disruptive for many smaller banks and credit unions. Today, full in-person exams can take time and staff away from daily work. The bill tries to reduce that burden for healthy institutions. At the same time, it keeps regulator tools for higher-risk cases, so the real effect would depend on how agencies write and use the rules.
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