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H.R. 6536House119th Congress (2025-2027)In Committee

Rural Depositories Revitalization Study Act

Sponsored by Ralph NormanRep. Ralph Norman (R-SC)
Introduced December 9, 2025

AI-Generated Summary

Updated February 3, 2026 at 7:00 AM UTC

The Rural Depositories Revitalization Study Act directs the three main federal banking regulators to examine ways to strengthen rural banks’ growth, capital adequacy, and profitability. It also requires them to identify any legal or regulatory barriers to these improvements or to opening new rural banks. The agencies must report their results to Congress within a year, helping lawmakers consider potential reforms.

Key Provisions

  • The Federal Reserve Board, the Office of the Comptroller of the Currency, and the FDIC must work together to study how to boost growth, capital strength, and profitability of banks that mainly serve rural areas.
  • The study must also pinpoint any existing federal laws or agency regulations (aside from funding bills) that hinder the identified improvements or block the creation of new rural banks.
  • Within one year of the law’s enactment, the agencies must deliver a joint report to Congress summarizing their findings and recommendations.

Legislative Activity

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6 earlier actions
HouseCalendars Latest Action

Placed on the Union Calendar, Calendar No. 404.

February 2, 2026

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HouseIntro Referral

Introduced in House

December 9, 2025

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

December 9, 2025

HouseCommittee

Committee Consideration and Mark-up Session Held

Financial Services Committee

December 16, 2025

HouseCommittee

Committee Consideration and Mark-up Session Held

Financial Services Committee

December 17, 2025

HouseCommittee

Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.

Financial Services Committee

December 17, 2025

HouseCommittee

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-473.

Financial Services Committee

February 2, 2026

HouseCalendars

Placed on the Union Calendar, Calendar No. 404.

February 2, 2026

Bill Text

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Reported in HouseIssued February 2, 2026

IB

Union Calendar No. 404

119th CONGRESS

2d Session

H. R. 6536

[Report No. 119–473]

IN THE HOUSE OF REPRESENTATIVES

December 9, 2025

Mr. Norman introduced the following bill; which was referred to the Committee on Financial Services

February 2, 2026

Additional sponsors: Mr. Rose, Mr. Gottheimer, and Mr. Moore of North Carolina

February 2, 2026

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Strike out all after the enacting clause and insert the part printed in italic

For text of introduced bill, see copy of bill as introduced on December 9, 2025

A BILL

To require the Federal banking agencies to study improving the growth, capital adequacy, and profitability of rural depository institutions, and for other purposes.

1.

Short title

This Act may be cited as the Rural Depositories Revitalization Study Act.

2.

Study on improving the growth, capital adequacy, and profitability of rural depository institutions

(a)

Study

The Federal banking agencies shall, jointly, carry out a study—

(1)

to identify methods to improve the growth, capital adequacy, and profitability of depository institutions in the United States that primarily serve rural areas; and

(2)

to identify Federal statutes (other than appropriations Acts) or regulations of the Federal banking agencies that limit—

(A)

the methods identified under paragraph (1); or

(B)

the establishment of de novo depository institutions in rural areas.

(b)

Report

Not later than 1 year after the date of enactment of this Act, the Federal banking agencies shall, jointly, issue a report to Congress containing all findings and determinations made in carrying out the study required under subsection (a).

(c)

Definitions

In this section:

(1)

Depository institution

The term depository institution has the meaning given that 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 that term in section 1026.35(b)(2)(iv)(A) of title 12, Code of Federal Regulations.

February 2, 2026

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed