House Floor·Last action 247 days ago

Smaller healthy banks could face fewer full in-person regulator exams

Officially: SMART Act of 2025

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.

Where it stands

House Floor · Floor consideration Sat, May 16

Today. Members are taking positions right now.

What this bill actually does

The bill applies to insured banks and credit unions with $6 billion or less in assets. They must be well managed and have enough capital to qualify.
After a qualifying institution gets a full in-person exam, its next exam must be more limited. The regulator decides what that limited exam covers.
Qualifying banks and credit unions could ask for one combined exam visit. That visit could cover financial safety, consumer compliance, and technology or cybersecurity reviews.

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Where your representatives stand

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Where this bill is in the process

Legislative timeline

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Introduced

Introduced in House

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House Committee

Under House committee consideration

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House Floor Vote

Voted on by House

Latest: Placed on the Union Calendar, Calendar No. 206. (9/8/2025)

SEP 8

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Passed House

Approved by House

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Senate Review

Sent to Senate for consideration

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Passed Both Chambers

Approved by both House and Senate

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Signed into Law

Signed by the President

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Smaller healthy banks could face fewer full in-person regulator exams

Where your representatives stand

Legislative timeline

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