Bill · S. 4517· Senate(119-S-4517)
Rural Depositories Revitalization Study Act
- Introduced
- 5/13/2026
- Last activity
- 5/13/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Pete Ricketts
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, titled the "Rural Depositories Revitalization Study Act," directs Federal banking agencies to conduct a joint study. The study aims to find ways to improve the growth, capital adequacy, and profitability of depository institutions that primarily serve rural areas. It also seeks to identify statutes or regulations that might be limiting these institutions or the creation of new ones in rural areas. Additionally, the National Credit Union Administration is required to carry out a similar study focused on rural credit unions. Both the banking agencies and the National Credit Union Administration must submit their findings to Congress within one year of the Act's enactment.
Yes· 3 of 6
Would people in rural areas be better off under this?+3
The bill directly addresses the need for better financial services and institution growth in rural communities.
Is this likely to grow the economy?+2
The study aims to foster economic growth by identifying ways to revitalize rural financial institutions.
Does this make it easier to run a small business?+2
By targeting the revitalization of rural depository institutions, the bill indirectly supports the local business ecosystem.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Improvement of rural financial institutions: The study seeks to identify methods to improve the growth, capital adequacy, and profitability of depository institutions serving rural areas (Section 3(a)(1)(A)). This could benefit people in these areas by strengthening their local banking options.
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Expansion of financial services through new institutions: The study aims to identify regulations that might limit the establishment of de novo depository institutions in rural areas (Section 3(a)(1)(B)(ii)). This could lead to more banking options for rural residents.
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Support for rural credit unions: The National Credit Union Administration is tasked with finding ways to improve the growth, capital adequacy, and profitability of credit unions that primarily serve rural areas (Section 3(b)(1)(A)). This could provide more stable and profitable credit union options for rural communities.
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Removal of barriers for rural credit unions: The study for credit unions also looks for statutes or regulations that limit the establishment of de novo credit unions in rural areas (Section 3(b)(1)(B)(ii)). This may help increase the number of credit union options available to people in rural locations.
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned in the text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Rural Residents+3Good For Business Owners+1Good For Farmers+1
- Economy And Finance
- Improves Economic Growth+2Improves Small Business Support+2
- Environment Energy And Infrastructure
- Improves Rural Development+2
- 5/13/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Raphael WarnockDemocrat · Georgia