To require the Federal banking agencies to study improving the growth, capital adequacy, and profitability of rural depository institutions, and for other purposes.
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.
Ordered to be Reported by the Yeas and Nays: 26 - 16.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held
Committee Consideration and Mark-up Session Held
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-473.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-473.
Placed on the Union Calendar, Calendar No. 404.
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