What does Preamble of Rural Depositories Revitalization Study Act do?

This bill requires Federal banking agencies to conduct a study on rural depository revitalization. The bill was introduced in the Senate on May 13, 2026.

What does SHORT TITLE. of Rural Depositories Revitalization Study Act do?

This bill is formally titled the Rural Depositories Revitalization Study Act.

What does DEFINITIONS. of Rural Depositories Revitalization Study Act do?

This section defines terms used in the Act Definitions include 'depository institution', 'Federal banking agencies', and 'rural' area

What does RURAL DEPOSITORIES REVITALIZATION STUDY. of Rural Depositories Revitalization Study Act do?

This section directs the Federal banking agencies to conduct a joint study on improving the growth, capital adequacy, and profitability of depository institutions primarily serving rural areas. The study must also identify Federal statutes or regulations that limit these improvements or the establishment of new depository institutions in rural areas. The Federal banking agencies are required to submit a joint report of their findings to Congress within one year of the Act's enactment. Similarly, the National Credit Union Administration is directed to conduct a study focused on credit unions serving rural areas. The National Credit Union Administration must also identify limiting Federal statutes or regulations and submit a report to Congress within one year of enactment.

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Rural Depositories Revitalization Study Act

Last updated: 5/13/2026 · Introduced: 5/13/2026

Author: Pete Ricketts (R-NE)

TL;DR (AI)

This bill mandates Federal banking agencies to study how to improve the financial health of banks and credit unions primarily serving rural communities.
The study will identify federal laws and regulations that hinder the growth or establishment of financial institutions in rural areas.
Findings from both the banking agency and credit union studies must be reported to Congress within one year of the bill's enactment.

119th Congressin committeeHR. 6644(Passed Both Chambers)Official page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

4 sections

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