“AFC applauds the House for advancing the SMART Act, the TRUST Act, and the Advancing the Mentor-Protégé Program for Small Financial Institutions Act. These bills reflect a pragmatic and forward-looking approach to strengthening the financial services ecosystem by modernizing supervisory testing, tailoring oversight to actual risk, and expanding access to resources and technical expertise for community banks and small financial institutions.

“We appreciate Chairman Hill, Subcommittee Chairman Barr, Ranking Member Waters, and the Committee’s leadership for advancing these important reforms and look forward to their continued consideration in the Senate. Together, this package will improve risk-based oversight practices, expand operational capacity for community banks through reduced examination frequency, and foster more effective partnerships between small and larger financial institutions.”