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S. 4517119th CongressIn committeeLatest action May 13, 2026Decoded by AI · checked against the record
Official title: Rural Depositories Revitalization Study Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
S 4517 requires four federal banking regulators to study rural bank and credit union struggles and report findings to Congress within one year.
50-second read · 4 questions answered below
S 4517 directs four federal banking regulators to study why rural banks and credit unions are struggling and what could help them survive and grow. The agencies must also identify whether existing federal laws or regulations are blocking rural financial institutions from operating or new ones from opening. No new programs, spending, or rule changes are created by this bill.
The four agencies required to act are the Federal Reserve, the FDIC, the Office of the Comptroller of the Currency, and the National Credit Union Administration. Residents of rural communities who depend on local banks and credit unions, along with small community banks and credit unions in rural areas, are the populations most directly relevant to the study.
Rural areas have seen many bank branches close in recent decades, and this bill is a direct response to that ongoing trend. The findings could inform future legislation, though this bill itself makes no policy changes.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.