Pete Ricketts (R-NE)
Rural Depositories Revitalization Study Act
A Republican bill with 1 Democratic cosponsor · See the cosponsor
Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, titled the "Rural Depositories Revitalization Study Act," directs Federal banking agencies to conduct a joint study. The study aims to find ways to improve the growth, capital adequacy, and profitability of depository institutions that primarily serve rural areas. It also seeks to identify statutes or regulations that might be limiting these institutions or the creation of new ones in rural areas. Additionally, the National Credit Union Administration is required to carry out a similar study focused on rural credit unions. Both the banking agencies and the National Credit Union Administration must submit their findings to Congress within one year of the Act's enactment.
Yes· 3 of 6
- Scored +3
Would people in rural areas be better off under this?
The bill directly addresses the need for better financial services and institution growth in rural communities.
- Scored +2
Is this likely to grow the economy?
The study aims to foster economic growth by identifying ways to revitalize rural financial institutions.
- Scored +2
Does this make it easier to run a small business?
By targeting the revitalization of rural depository institutions, the bill indirectly supports the local business ecosystem.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Improvement of rural financial institutions: The study seeks to identify methods to improve the growth, capital adequacy, and profitability of depository institutions serving rural areas (Section 3(a)(1)(A)). This could benefit people in these areas by strengthening their local banking options.
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Expansion of financial services through new institutions: The study aims to identify regulations that might limit the establishment of de novo depository institutions in rural areas (Section 3(a)(1)(B)(ii)). This could lead to more banking options for rural residents.
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Support for rural credit unions: The National Credit Union Administration is tasked with finding ways to improve the growth, capital adequacy, and profitability of credit unions that primarily serve rural areas (Section 3(b)(1)(A)). This could provide more stable and profitable credit union options for rural communities.
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Removal of barriers for rural credit unions: The study for credit unions also looks for statutes or regulations that limit the establishment of de novo credit unions in rural areas (Section 3(b)(1)(B)(ii)). This may help increase the number of credit union options available to people in rural locations.
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned in the text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would people in rural areas be better off under this? — The bill directly addresses the need for better financial services and institution growth in rural communities. Would business owners be better off under this? — The study may assist the establishment of new financial institutions, which benefits business owners in rural areas. Would farmers be better off under this? — Improved access to rural depository institutions and credit unions can benefit agricultural workers and farmers.
- Economy And Finance
- Is this likely to grow the economy? — The study aims to foster economic growth by identifying ways to revitalize rural financial institutions. Does this make it easier to run a small business? — By targeting the revitalization of rural depository institutions, the bill indirectly supports the local business ecosystem.
- Environment Energy And Infrastructure
- Does this invest in rural communities? — The bill supports rural development by studying ways to increase the availability of financial services in these areas.
- 5/13/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Raphael WarnockDemocrat · Georgia