SMART Act – Small Depository Institution Examination Relief
Current understanding
To be populated as evidence accumulates.
Evidence log
- 2026-06-02 — Farm Credit Adjustment Act: cross-connection with farm-credit-system-examination: Parallel exam-relief efforts across regulators: FCA discretion to lengthen FCS exam cycles mirrors SMART Act relief for small depository institutions. (novelty: 2)
- 2026-01-13 — Farm Credit Adjustment Act: cross-connection with farm-credit-system-examination: Companion approach to lengthening exam intervals for lower-risk regulated lenders; SMART Act does this for small depositories while the Farm Credit Adjustment Act does it for FCS institutions. (novelty: 2)
- 2026-05-13 — TRUST Act of 2025: cross-connection with small-bank-examination-frequency: Both the TRUST Act and the SMART Act adjust examination-frequency relief thresholds for small depository institutions; comparing their thresholds and eligibility criteria clarifies the legislative landscape for exam-cycle relief. (novelty: 2)
- 2026-05-13 — SMART Act of 2025: SMART Act of 2025 (HR4437) would mandate limited-scope examinations in the year following a full-scope exam and permit combined compliance examinations upon request for well-capitalized, well-managed depository institutions and credit unions with $6 billion or less in assets (introduced). (novelty: 2)