SMART Act of 2025

This bill changes how federal regulators inspect small banks and credit unions that have $6 billion or less in assets and are in good financial shape. Instead of getting a full inspection every year, these institutions would get a smaller, less detailed review in the year after a full inspection. The bill also says that if a bank or credit union asks, regulators must combine different types of reviews — like safety checks and technology checks — into one visit instead of doing them separately. There are exceptions for banks that were recently bought by another company or that are facing formal enforcement actions.

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