Timmons Bill to Rollback Regulatory Burdens and Help Small Businesses, Families Passes U.S. House
Today, the U.S. House of Representatives unanimously passed the Supervisory Modifications for Appropriate Risk-based Testing Act (SMART Act), legislation introduced by Congressman William Timmons (SC-04) to modernize the examination process for well-managed and well-capitalized community banks and credit unions. “Community banks and credit unions are the backbone of many local…