Rural Depositories Revitalization Study Act

House Bill

H.R. 6536

119th Congress

Rural Depositories Revitalization Study Act

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

Introduced:Dec 17, 2025

Primary Sponsor

Ralph Norman

R - SC

Cosponsors

2

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill requires the Federal Reserve, OCC, and FDIC to jointly study how to improve the growth, capital adequacy, and profitability of rural depository institutions. It also requires identifying federal statutes or regulations that limit rural bank growth or the establishment of new (de novo) banks in rural areas, with a report due within 6 months.

Latest Action

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

AI Summary

Plain-English explanation of this bill

This bill requires the Federal Reserve, OCC, and FDIC to jointly study how to improve the growth, capital adequacy, and profitability of rural depository institutions. It also requires identifying federal statutes or regulations that limit rural bank growth or the establishment of new (de novo) banks in rural areas, with a report due within 6 months.

Last updated: 12/26/2025

Key Points

Main provisions of the bill

Requires joint Fed-OCC-FDIC study on rural bank viability
Focuses on growth, capital adequacy, and profitability challenges
Must identify federal barriers to de novo bank establishment in rural areas
Report to Congress due within 6 months of enactment
Passed committee 50-0 with unanimous bipartisan support
Addresses ongoing rural bank consolidation and "banking desert" concerns

How This Impacts Americans

Potential effects on citizens and communities

This legislation primarily benefits rural communities facing bank closures and limited access to financial services. Rural community banks struggling with regulatory compliance costs and thin margins could see regulatory relief. Potential new bank organizers would benefit from identification of barriers to de novo bank formation. Agricultural businesses, rural small businesses, and residents in areas with limited banking access would benefit from improved rural banking infrastructure.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

6536, 119th Congress (2025). "Rural Depositories Revitalization Study Act". Source: Voter's Right Platform. https://votersright.org/bills/119-hr-6536