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House Passes Four Financial Services Bills

Washington, May 13, 2026

Yesterday, the House of Representatives passed four bills from the House Committee on Financial Services.

H.R. 2071- Save Our Shrimpers Act, sponsored by Rep. Troy Nehls (TX-22), passed the House by a recorded vote of 391-18-1. H.R. 2071 requires the United States to oppose financing for foreign shrimp farming through the international financial institutions, supporting American shrimp producers facing unfair foreign competition.

  • Watch Chairman French Hill (AR-02) speak in support of the bill here.
  • Watch Rep. Nehls speak in support of the bill here.

H.R. 4437- Supervisory Modifications for Appropriate Risk-Based Testing (SMART) Act of 2025, sponsored by Rep. William Timmons (SC-04), unanimously passed the House by voice vote. H.R. 4437 tailors supervisory requirements for smaller institutions that are well managed and well capitalized, allowing community financial institutions to focus more resources on serving customers and local economies.

  • Watch Chairman Hill speak in support of the bill here.
  • Watch Rep. Timmons speak in support of the bill here.

H.R. 3709- Advancing the Mentor-Protege Program for Small Financial Institutions Act, sponsored by Rep. Joyce Beatty (OH-03), unanimously passed the House by voice vote. H.R. 3709 codifies the mentor-protege program at the Department of Treasury, which pairs rural and small financial institutions with larger institutions to strengthen their capacity to partner with the federal government and expand access to responsible financial services.

  • Watch Chairman Hill speak in support of the bill here.

H.R. 4478- the Tailored Regulatory Updates for Supervisory Testing (TRUST) Act of 2025, sponsored by Rep. Tim Moore (NC-14), unanimously passed the House by voice vote. H.R. 4478 allows smaller banks that are well managed and well capitalized to be examined less frequently, which reduces unnecessary compliance costs, increases their time serving customers, and maintains strong oversight and financial stability.

  • Watch Chairman Hill speak in support of the bill here.
  • Watch Rep. Moore speak in support of the bill here.

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