[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4517 Introduced in Senate (IS)]

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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).
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