Rural Depositories Revitalization Study Act
Rural Banks: Federal Study on Growth and Financial Strength
Legislative Progress
Key Points
- Congress would require key federal bank regulators to run a joint study on how to help rural-focused banks grow and stay financially strong.
- The study must look for ways to improve rural banks’ ability to build capital and earn steady profits, which can affect local lending.
- Regulators must also identify federal laws or rules that may be holding back these improvements or making it hard to start new rural banks.
- Within 6 months after the bill becomes law, the regulators must send Congress a report with their findings.
- This bill orders a study and report; it does not directly change banking rules or provide funding on its own.
Impact Analysis
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Milestones
Placed on the Union Calendar, Calendar No. 404.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-473.
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee Consideration and Mark-up Session Held
Committee Consideration and Mark-up Session Held
Votes
No votes have been recorded for this legislation yet.
News
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Source Information
Document Type
Congressional Bill
Official Title
Rural Depositories Revitalization Study Act
Data Sources
Sponsor
Cosponsors
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