We have received text from H.R. 4437: Supervisory Modifications for Appropriate Risk-based Testing Act of 2025. This bill was received on 2025-07-16, and currently has 1 cosponsor.
Here is a short summary of the bill:
The Supervisory Modifications for Appropriate Risk-based Testing Act of 2025, also known as the SMART Act of 2025, aims to reduce regulatory burdens on certain financial institutions that are deemed well-managed and well-capitalized. Here are the main points of the bill:
1. Definition of Eligible Institutions
The bill applies to insured depository institutions (like banks) and credit unions with consolidated assets of $6 billion or less that have demonstrated sound management practices and adequate capital levels. Specifically, these institutions must have been found to be well-managed in their most recent examinations.
2. Examination Relief for Banks
For eligible insured depository institutions:
- Alternating Limited-Scope Examinations: After completing a full examination by a federal banking agency, the subsequent examination will be a limited-scope examination, allowing for a lighter review focused on key areas.
- Combined Examinations: If the institution is subject to various examinations (such as safety, consumer compliance, and cybersecurity), it can request to combine two or three of these examinations to streamline the process.
However, this relief does not apply if:
- The institution is under a formal enforcement proceeding or order.
- Ownership changes have occurred since the most recent full examination.
3. Examination Relief for Credit Unions
Similar provisions will apply to eligible insured credit unions:
- Alternating Limited-Scope Examinations: After a comprehensive examination, the next checkup will also be limited in scope.
- Combined Examinations: They can also request a combination of various examinations to lessen the regulatory burden.
Similar exceptions to this examination relief are in place for credit unions as well, relating to enforcement proceedings and changes in ownership.
4. Rulemaking Requirements
The relevant federal banking agencies and the National Credit Union Administration must establish new procedures and guidelines to implement the provisions of this act within 12 months of enactment. These rules should ensure the examinations maintain an appropriate balance between flexibility for institutions and necessary oversight for safety and compliance.
5. Regulatory Oversight
While the act aims to streamline examinations, it does not limit the ability of federal banking agencies and the National Credit Union Administration to conduct additional reviews if deemed necessary to ensure compliance with laws and regulations or to assess the safety and soundness of the institutions.
Relevant Companies
None found.
Representative William R. Timmons IV Bill Proposals
Here are some bills which have recently been proposed by Representative William R. Timmons IV:
- H.R.4536: To recognize and reward exceptional physical fitness among members of the Armed Forces serving on active duty and to promote physical readiness and overall health in the Armed Forces.
- H.R.4437: SMART Act of 2025
- H.R.4431: Improving Capital Allocation for Newcomers Act of 2025
- H.R.1755: Timely and Accurate Benefits Act
- H.R.465: Old Glory Only Act
- H.R.324: PPP Shell Company Discovery Act
You can track bills proposed by Representative William R. Timmons IV on Quiver Quantitative's politician page for Timmons.
Representative William R. Timmons IV Net Worth
Quiver Quantitative estimates that Representative William R. Timmons IV is worth $22.5M, as of July 19th, 2025. This is the 45th highest net worth in Congress, per our live estimates.
Timmons has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Representative William R. Timmons IV's net worth on Quiver Quantitative's politician page for Timmons.
Representative William R. Timmons IV Stock Trading
We have data on up to $270.0K of trades from Representative William R. Timmons IV, which we parsed from STOCK Act filings. Some of the largest trades include:
- A June 29th, 2020 sale of up to $15K of $AMZN. The stock has risen 68.73% since then.
- A May 28th, 2020 purchase of up to $15K of $JNJ. The stock has risen 11.38% since then.
- A June 29th, 2020 sale of up to $15K of $ABBV. The stock has risen 96.25% since then.
- A June 29th, 2020 sale of up to $15K of $MSFT. The stock has risen 157.03% since then.
- A June 29th, 2020 sale of up to $15K of $CVX. The stock has risen 71.14% since then.
You can track Representative William R. Timmons IV's stock trading on Quiver Quantitative's politician page for Timmons.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
