H.R. 6536 · On the floor · Finance and Financial Sector

Rural Depositories Revitalization Study Act

Sponsor: Ralph Norman (R-SC)

What it does

• Require the Federal Reserve Board, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation to jointly study methods to improve growth, capital adequacy, and profitability of rural depository
• Mandate the agencies to identify statutes and regulations that limit rural depository institution viability or prevent establishment of new rural depositories.
• Direct the agencies to report findings to Congress on approaches to support rural depository institutions.

Official summary

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.

Latest action

Feb 2, 2026: Placed on the Union Calendar, Calendar No. 404.

Committee: House Financial Services