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S 4517
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Rural Depositories Revitalization Study Act

To require Federal banking agencies to carry out a study on rural depository revitalization.

Introduced May 13, 2026

Latest action (May 13, 2026) Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Referred to
Banking, Housing, and Urban Affairs Committee
Policy area
Finance and Financial Sector
Issues
Economy & Taxes

Summary
  • Requires Federal banking agencies to conduct a joint study on methods to improve growth and profitability of depository institutions serving rural areas.
  • Requires the banking agencies to identify Federal statutes and regulations that limit rural depository growth or the establishment of new rural depository institutions.
  • Requires the banking agencies to submit a joint report to Congress within 1 year containing findings and recommendations.
  • Requires the National Credit Union Administration to conduct a similar study on credit unions serving rural areas and submit findings to Congress within 1 year.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
1 cosponsor

Actions (2)
  1. May 13, 2026 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
  2. May 13, 2026 Introduced in Senate

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HR 6536 — Rural Depositories Revitalization Study Act · Introduced Feb 2, 2026 · Cong. 119 86%
  • HR 1246 — Investing in Rural America Act of 2025 · Introduced Mar 20, 2025 · Cong. 119 63%
  • HR 7514 — Rural Health Care Facilities Revitalization Act · Introduced Mar 20, 2026 · Cong. 119 62%
  • HR 8090 — To require the Federal Deposit Insurance Corporation and the National Credit Union Administration to carry out an analysis to determine whether insurance coverage should be raised on covered transaction accounts, and for other purposes. · Introduced Mar 25, 2026 · Cong. 119 61%
  • HR 6551 — New BANK Act of 2025 · Introduced Feb 25, 2026 · Cong. 119 60%
  • HR 5598 — Revitalizing Rural Communities Act of 2025 · Introduced Dec 2, 2025 · Cong. 119 60%

Text versions (1)
  • Introduced in Senate · May 13, 2026

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

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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