Tailored Regulatory Updates for Supervisory Testing Act of 2025

Floor Speech

Mr. Speaker, I rise in support of H.R. 4478, the Tailored Regulatory Updates for Supervisory Testing Act of 2025, sponsored by the gentleman from North Carolina (Mr. Moore) and the gentleman from New York (Mr. Torres).

This bill raises the asset threshold from $3 billion to $6 billion for well-capitalized and well-managed banks to qualify for an 18-month examination cycle instead of a 12-month exam.

Like another bill we are considering on the floor today, the SMART Act, this bill incentivizes community banks to manage their businesses well. If they do, they are able to get less frequent exams.

Congress last raised the threshold to $3 billion in 2018, which covered roughly 94 percent of banks. By raising the threshold to $6 billion today, we will update this threshold while covering roughly the same portion of banks.

Mr. Speaker, I urge my colleagues to support this bill, and I reserve the balance of my time.

Community banks, including those that are community development financial institutions, or CDFIs, and minority depository institutions, or MDIs, provide access to loans for families to buy a home and for entrepreneurs to start a small business.

This bill will help ensure more of these institutions can focus on helping their customers.

I, again, urge my colleagues to support this bill, and I yield back the balance of my time.

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