This bill aims to help rural banks grow and succeed by studying their challenges and finding ways to improve their financial situation. It matters because strong rural banks can better serve their communities and support local economies.
Rural Depositories Revitalization Study Act This bill requires federal banking agencies to study and report on approaches to support rural depository institutions. Specifically, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation must jointly (1) study and report on methods to improve the growth, capital adequacy, and profitability of rural depository institutions; and (2) identify statutes and regulations that limit such methods or prevent the establishment of new rural depository institutions.
