House Passes Bills to Streamline Community Bank Reg Burden
Posted: May 13 2026
The House has two bills focused on streamlining community bank regulation. Both passed by voice votes.
The TRUST Act (H.R. 4478), introduced by Reps. Tim Moore (R-N.C.) and Ritchie Torres (D-N.Y.), would raise the asset threshold from $3 billion to $6 billion for well-capitalized and well-managed depository institutions to receive less frequent federal banking exams. The SMART Act (H.R. 4437), introduced by Reps. William Timmons (R-S.C.) and Bill Foster (D-Ill.), would tailor regulatory burdens on well-capitalized and well-managed depository institutions with less than $6 billion in assets through alternating limited scope exams and combining exams as appropriate.