Rural Depositories Revitalization Study Act
Sponsors
Legislative Progress
ReportedMr. Norman introduced the following bill; which was referred to …
Summary
What This Bill Does
This bill requires the three federal banking agencies (Federal Reserve, OCC, and FDIC) to jointly study how to improve conditions for banks and credit unions in rural areas. The goal is to identify ways to help these institutions grow, maintain adequate capital, and become more profitable, while also pinpointing federal laws and regulations that stand in the way.
Who Benefits and How
Rural community banks and credit unions stand to benefit if this study leads to reduced regulatory burdens or new supportive policies. Entrepreneurs and investors looking to start new banks in rural areas could see lower barriers to entry if the study identifies and leads to reforms of restrictive regulations. Rural residents and small businesses may ultimately gain improved access to local banking services.
Who Bears the Burden and How
The Federal Reserve, OCC, and FDIC must conduct this joint study and produce a report to Congress within 6 months. This creates an administrative burden on these agencies, requiring staff time and resources to analyze rural banking conditions and identify regulatory barriers.
Key Provisions
- Mandates a joint study by federal banking regulators on rural depository institutions
- Requires identification of methods to improve growth, capital adequacy, and profitability of rural banks
- Requires identification of federal laws and regulations that limit rural banking or new bank formation
- Sets a 6-month deadline for the report to Congress
- Defines key terms including "depository institution" and "Federal banking agencies"
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Requires federal banking agencies to study methods to improve the growth, capital adequacy, and profitability of rural depository institutions and identify regulatory barriers to establishing new banks in rural areas.
Policy Domains
Legislative Strategy
"Reduce regulatory barriers and improve conditions for rural banks through research and recommendations"
Likely Beneficiaries
- Rural community banks and credit unions
- Rural communities seeking banking access
- De novo bank applicants in rural areas
Likely Burden Bearers
- Federal banking agencies (Federal Reserve, OCC, FDIC) - must conduct study and report
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_banking_agencies"
- → Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation
Key Definitions
Terms defined in this bill
Has the meaning given that term in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813)
The Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology