Rural Depositories Revitalization Study Act

This bill would require the Federal Reserve Board, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to jointly study ways to improve the growth, capital levels, and profitability of banks that mainly serve rural areas. The study would also identify federal laws and agency rules that limit those methods or limit the opening of new banks in rural areas. The National Credit Union Administration would carry out a similar study for credit unions that mainly serve rural areas. Each study would result in a report to Congress within 1 year after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Pete Ricketts Republican sponsor
• 1 cosponsors