S. 4517Senate119th Congress (2025-2027)In Committee

Rural Depositories Revitalization Study Act

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Updated May 20, 2026 at 7:45 AM UTC

The Rural Depositories Revitalization Study Act directs the main federal banking regulators and the National Credit Union Administration to conduct a study on how to strengthen banks and credit unions that serve rural communities. The study must look at ways to boost growth, capital strength, and profitability, and identify any existing laws or regulations that hinder those improvements or the creation of new rural institutions. Findings are to be reported to Congress within one year of the law’s enactment.

Key Provisions

The Federal Reserve Board, the Office of the Comptroller of the Currency, and the FDIC must jointly study methods to improve the growth, capital adequacy, and profitability of rural depository banks, and pinpoint any statutes or regulations that limit those methods or the establishment of new rural banks.
The National Credit Union Administration must conduct a similar study focused on rural credit unions, identifying ways to enhance their growth, capital adequacy, and profitability and any legal or regulatory barriers.
Both the banking agencies and the NCUA must submit a comprehensive report of their findings to Congress no later than one year after the act becomes law.

Legislative Activity

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1 earlier action

SenateIntro Referral Latest Action

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

Banking, Housing, and Urban Affairs Committee

May 13, 2026

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SenateIntro Referral

Introduced in Senate

May 13, 2026

SenateIntro Referral

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

Banking, Housing, and Urban Affairs Committee

May 13, 2026

Bill Text

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Introduced in SenateIssued May 13, 2026

119th CONGRESS

2d Session

S. 4517

IN THE SENATE OF THE UNITED STATES

May 13, 2026

Mr. Ricketts (for himself and Mr. Warnock) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To require Federal banking agencies to carry out a study on rural depository revitalization.

Short title

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

Definitions

In this Act:

(1)

Depository institution

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

Rural depositories revitalization study

(a)

Federal banking agencies

(1)

Study

The Federal banking agencies shall carry out a joint study—

(A)

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

(B)

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

(i)

the methods identified under subparagraph (A); or

(ii)

the establishment of de novo depository institutions in rural areas.

(2)

Report

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

(b)

National Credit Union Administration

(1)

Study

The National Credit Union Administration shall carry out a study—

(A)

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

(B)

to identify Federal statutes (other than appropriations Acts) or regulations of the National Credit Union Administration that limit—

(i)

the methods identified under subparagraph (A); or

(ii)

the establishment of de novo credit unions in rural areas.

(2)

Report

Not later than 1 year after the date of enactment of this Act, the National Credit Union Administration shall submit to Congress a report containing all findings and determinations made in carrying out the study required under paragraph (1).