Congress·In Committee·S. 4517

Rural Depositories Revitalization Study Act

Rural Banking: Study on Improving Local Banks and Credit Unions

May 13·View on Congress.gov·Read full text

Next up: A senate committee

This bill is currently in the early stages of the legislative process after being sent to the Senate Committee on Banking, Housing, and Urban Affairs for review. It is actively moving through the system, but no further hearings or votes have been scheduled yet. There is no companion bill currently associated with this legislation.

Legislative Progress

Senate

House

President

Law

Could go either way

The bill has support from both parties and focuses on a popular topic like helping rural towns, but many bills like this get stuck in committee before they can be voted on.

Key Points

This bill requires federal banking agencies to find ways to help banks and credit unions in rural areas grow and stay profitable. It focuses on small towns where people often have fewer choices for where to keep their money or get a loan.
The study will look for government rules or laws that make it hard for new banks to open in rural communities. It also aims to identify what prevents existing rural banks from staying healthy and successful.
The Federal Reserve, the FDIC, and the National Credit Union Administration must work together on this project. They have one year to finish their research and give a report to Congress with their findings.
This matters because many rural areas have lost their local banks over the years. If the government finds ways to fix this, it could lead to more loans for local farmers, small businesses, and families in small towns.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

May 13, 2026Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

May 13, 2026

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

No votes or news coverage recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Rural Depositories Revitalization Study Act

Bill NumberS 4517

Congress119th Congress

ChamberSenate

Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(1)

D: 1

Analysis generated by AI. Always verify with official sources.