Rural Depositories Revitalization Study Act

Pete Ricketts

Republican · NE · Senator

Source: Congress.gov · FEC

• Raphael G. Warnock (D-GA)Original· 2026-05-13

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-05-13

Source: Congress.gov

Federal banking regulators would be required to study why rural banks are closing and what could help bring banking services back to communities that have lost them. The study would examine the challenges rural banks face and recommend solutions to help revitalize banking in these areas. This would affect rural communities, small banks, and federal banking agencies like the Federal Reserve and the FDIC.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4517 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4517 To require Federal banking agencies to carry out a study on rural depository revitalization. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 13, 2026 Mr. Ricketts (for himself and Mr. Warnock) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To require Federal banking agencies to carry out a study on rural depository revitalization. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Rural Depositories Revitalization Study Act''. SEC. 2. DEFINITIONS. In this Act: (1) Depository institution.--The term ``depository institution'' has the meaning given the term in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813). (2) Federal banking agencies.--The term ``Federal banking agencies'' means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. (3) Rural.--With respect to an area, the term ``rural'' has the meaning given the term in section 1026.35(b)(2)(iv)(A) of title 12, Code of Federal Regulations. SEC. 3. RURAL DEPOSITORIES REVITALIZATION STUDY. (a) Federal Banking Agencies.-- (1) Study.--The Federal banking agencies shall carry out a joint study-- (A) to identify methods to improve the growth, capital adequacy, and profitability of depository institutions in the United States that primarily serve rural areas; and (B) to identify Federal statutes (other than appropriations Acts) or regulations of the Federal banking agencies that limit-- (i) the methods identified under subparagraph (A); or (ii) the establishment of de novo depository institutions in rural areas. (2) Report.--Not later than 1 year after the date of enactment of this Act, the Federal banking agencies shall submit to Congress a joint report containing all findings and determinations made in carrying out the study required under paragraph (1). (b) National Credit Union Administration.-- (1) Study.--The National Credit Union Administration shall carry out a study-- (A) to identify methods to improve the growth, capital adequacy, and profitability of credit unions in the United States that primarily serve rural areas; and (B) to identify Federal statutes (other than appropriations Acts) or regulations of the National Credit Union Administration that limit-- (i) the methods identified under subparagraph (A); or (ii) the establishment of de novo credit unions in rural areas. (2) Report.--Not later than 1 year after the date of enactment of this Act, the National Credit Union Administration shall submit to Congress a report containing all findings and determinations made in carrying out the study required under paragraph (1). <all>

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