SMART Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4437 Referred in Senate (RFS)] <DOC> 119th CONGRESS 2d Session H. R. 4437 _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 13, 2026 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ AN ACT To reduce the regulatory burden on certain well managed and well capitalized financial institutions, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Supervisory Modifications for Appropriate Risk-based Testing Act of 2025'' or the ``SMART Act of 2025''. SEC. 2. EXAMINATION RELIEF FOR CERTAIN WELL MANAGED AND WELL CAPITALIZED FINANCIAL INSTITUTIONS. (a) Insured Depository Institutions.--Section 10(d) of the Federal Deposit Insurance Act (12 U.S.C. 1820(d)) is amended by adding at the end the following: ``(11) Examination relief for certain well managed and well capitalized insured depository institutions.-- ``(A) In general.--The following shall apply to a well managed and well capitalized insured depository institution with $6,000,000,000 or less in consolidated assets: ``(i) Alternating limited-scope examinations.--After an insured depository institution receives a full-scope, on-site examination from the appropriate Federal banking agency, the next examination of the insured depository institution by the appropriate Federal banking agency shall be a limited-scope examination, as determined by the appropriate Federal banking agency. ``(ii) Combined examinations.--If an insured depository institution is otherwise subject to separate safety and soundness examinations, consumer compliance examinations, and information technology and cybersecurity examinations, the appropriate Federal b