Rural Depositories Revitalization Study Act
Summary
What This Bill Does
The Rural Depositories Revitalization Study Act directs the federal banking agencies to study how to strengthen depository institutions that serve rural areas. The agencies must identify methods to improve growth, capital adequacy, and profitability at rural-serving banks and savings associations. They also must identify federal statutes or regulations that limit those methods or limit formation of de novo depository institutions in rural areas.
The House-reported version defines rural areas using the Regulation Z rural-area definition and excludes appropriations Acts from the statutory barriers to be reviewed. The Federal Reserve Board, Comptroller of the Currency, and FDIC must jointly report findings and recommendations to Congress within one year.
Who Benefits and How
Rural-serving depository institutions benefit because regulators must focus on their growth, capital adequacy, and profitability constraints. De novo rural bank applicants benefit if the study identifies barriers to starting new institutions in rural areas. Rural communities benefit if improved banking access supports credit availability and local economic activity. Congressional banking committees benefit from agency recommendations on regulatory changes. Community-bank advocates benefit from an evidence base for rural banking legislation.
Who Bears the Burden and How
Federal Reserve rural banking staff must participate in the study and recommendations. OCC community-bank supervision staff must identify statutory or regulatory limits affecting rural institutions. FDIC community-bank policy staff must assess profitability, capital, and growth barriers. Regulators may face pressure to change rules if the report identifies burdens. Rural-serving banks may need to provide information on constraints and business conditions.
Key Provisions
- Requires federal banking agencies to study rural-serving depository institutions.
- Requires identification of methods to improve growth, capital adequacy, and profitability.
- Requires review of barriers affecting de novo depository institutions in rural areas.
- Defines federal banking agencies as the Federal Reserve Board, Comptroller of the Currency, and FDIC.
- Uses the Regulation Z rural-area definition in the House-reported version.
- Requires a report to Congress within one year.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Requires the Federal Reserve Board, Comptroller of the Currency, and FDIC to study methods for improving growth, capital adequacy, and profitability of rural-serving depository institutions and de novo rural banks, identify federal statutes or regulations that limit those methods, and report recommendations to Congress.
Key Policy Areas
Banking, Rural Development, Financial Regulation
Primary Purpose
Requires the Federal Reserve Board, Comptroller of the Currency, and FDIC to study methods for improving growth, capital adequacy, and profitability of rural-serving depository institutions and de novo rural banks, identify federal statutes or regulations that limit those methods, and report recommendations to Congress.
Policy Domains
House resolution provisions
Identified Gains
- Rural-serving depository institutions
- De novo rural bank applicants
- Rural communities
- Congressional banking committees
- Community-bank advocates
Identified Costs
- Federal Reserve rural banking staff
- OCC community-bank supervision staff
- FDIC community-bank policy staff
- Federal banking regulators
- Rural-serving banks
Sponsors
Legislative Progress
ReportedPlaced on the Union Calendar, Calendar No. 404.
Reported (Amended) by the Committee on Financial Services. H. Rept. …
Additional sponsors: Mr. Rose, Mr. Gottheimer, and Mr. Moore of …
Reported with an amendment, committed to the Committee of the …
Ordered to be Reported (Amended) by the Yeas and Nays: …
Committee Consideration and Mark-up Session Held
Committee Consideration and Mark-up Session Held
Introduced in House
Referred to the House Committee on Financial Services.
Mr. Norman introduced the following bill; which was referred to …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
FDIC community-bank policy staff, OCC community-bank supervision staff
De novo rural bank applicants, Rural-serving depository institutions
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "fed"
- → Board of Governors of the Federal Reserve System
- "occ"
- → Comptroller of the Currency
- "fdic"
- → 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