The SMART Act of 2025 aims to streamline the examination process for small banks and credit unions with assets of $6 billion or less that are well-capitalized and well-managed. These institutions will undergo a limited-scope examination in the year after a full-scope examination, as determined by their federal regulator. Additionally, they can request to combine different types of compliance examinations to be conducted simultaneously. There are exceptions for recently acquired institutions and those under formal enforcement actions.
H.R. 4437 was introduced in the 119th Congress by William Timmons (Republican) and is currently listed as “Passed House”. It is classified under the Finance and Financial Sector policy area, one of 159 bills in that area we track this Congress.
William Timmons is the sponsor of 4 bills in our database this Congress, so H.R. 4437 is part of a broader legislative agenda rather than a one-off proposal.
Senate lobbying disclosures list 15 organizations lobbying on this bill’s issue area.
Our conflict-of-interest analysis rates H.R. 4437 1/10 (low risk), higher than 6% of analyzed bills; the average in Finance and Financial Sector is 2.3/10.
Supporters of the SMART Act of 2025 argue that it reduces regulatory burdens on small depository institutions and credit unions, allowing them to focus more on serving their customers rather than preparing for extensive examinations. This bill is seen as a way to foster growth and innovation within the financial sector, particularly for smaller institutions that play a crucial role in local economies.
Critics of the SMART Act of 2025 express concerns that limiting the scope of examinations could lead to decreased oversight and potential risks in the financial system. They argue that reducing regulatory scrutiny on small banks and credit unions might allow for unsafe practices to go unchecked, ultimately putting consumers and the financial system at risk.
Based on the available data, there appears to be a low risk of conflict of interest between Representative William Timmons' donors and the subject matter of H.R. 4437: SMART Act of 2025. The top donor industries to Rep. Timmons are Health Professionals and Retired individuals, with no direct overlap detected with the bill's subject matter. Furthermore, the lobbying activity in this bill's policy area does not involve any of Rep. Timmons' top donors. The largest lobbying expenditure in this policy area is $60,000 by the National Energy & Fuels Institute, which does not directly correlate with the sponsor's top donors. Therefore, there is no clear money trail that suggests a conflict of interest.
Organizations that lobbied on issues related to this bill's policy area.
| Client | Lobbying Firm | Amount |
|---|---|---|
| NATIONAL ENERGY & FUELS INSTITUTE | NATIONAL ENERGY & FUELS INSTITUTE | $60,000 |
| RICHARD BLAND COLLEGE OF WILLIAM & MARY | CONGRESSIONAL PARTNERS | $30,000 |
| RICHARD BLAND COLLEGE OF WILLIAM & MARY | CONGRESSIONAL PARTNERS | $30,000 |
| GENERAL ELECTRIC COMPANY | HITHER CREEK STRATEGIES, LLC | $21,000 |
| AMERICAN RHEINMETALL VEHICLES, LLC | HITHER CREEK STRATEGIES, LLC | $20,000 |
| LEONARDO DRS, INC | HITHER CREEK STRATEGIES, LLC | $15,000 |
| HOPFLYT INC | HITHER CREEK STRATEGIES, LLC | $10,000 |
| SL STRATEGIES OBO AANA | HITHER CREEK STRATEGIES, LLC | $10,000 |
| EPIRUS INC | HITHER CREEK STRATEGIES, LLC | $10,000 |
| ROBERT TRENT JONES II LLC | PLATINUM ADVISORS DC, LLC | undisclosed |
| AMERICAN SOCIETY OF GOLF COURSE ARCHITECTS | PLATINUM ADVISORS DC, LLC | undisclosed |
| SAVE GREATER DOWSES BEACH | HITHER CREEK STRATEGIES, LLC | undisclosed |
| GDX CORPORATION | HITHER CREEK STRATEGIES, LLC | undisclosed |
| TOWN OF NANTUCKET, MA | HITHER CREEK STRATEGIES, LLC | undisclosed |
| MICROAUTOMATION INC. | DLG PARTNERS (FKA DRAGON LIST GLOBAL) | undisclosed |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding William Timmons, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
What does H.R. 4437 do?
The SMART Act of 2025 aims to streamline the examination process for small banks and credit unions with assets of $6 billion or less that are well-capitalized and well-managed. These institutions will undergo a limited-scope examination in the year after a full-scope examination, as determined by their federal regulator. Additionally, they can request to combine different types of compliance…
Has H.R. 4437 received a floor vote?
No roll-call vote on H.R. 4437 is recorded in our database yet. Its current status is “Passed House”.
Does H.R. 4437 have a conflict of interest?
Our conflict-of-interest analysis rates H.R. 4437 1/10 (low risk), higher than 6% of analyzed bills; the average in Finance and Financial Sector is 2.3/10. This score reflects overlap between the sponsor’s campaign funding, lobbying activity, and the industries the bill affects. It is a transparency indicator, not an accusation.
What is the status of H.R. 4437?
H.R. 4437 is currently “Passed House” as of our last update on May 13, 2026.
Who sponsored H.R. 4437?
H.R. 4437 was sponsored by William Timmons (Republican).
