Rural Depositories Revitalization Study Act

This Act may be cited as the Rural Depositories Revitalization Study Act.
In this Act:
The term depository institution has the meaning given the term in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).
The term Federal banking agencies means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation.
With respect to an area, the term rural has the meaning given the term in section 1026.35(b)(2)(iv)(A) of title 12, Code of Federal Regulations.
The Federal banking agencies shall carry out a joint study—
to identify methods to improve the growth, capital adequacy, and profitability of depository institutions in the United States that primarily serve rural areas; and
to identify Federal statutes (other than appropriations Acts) or regulations of the Federal banking agencies that limit—
the methods identified under subparagraph (A); or
the establishment of de novo depository institutions in rural areas.
Not later than 1 year after the date of enactment of this Act, the Federal banking agencies shall submit to Congress a joint report containing all findings and determinations made in carrying out the study required under paragraph (1).
The National Credit Union Administration shall carry out a study—
to identify methods to improve the growth, capital adequacy, and profitability of credit unions in the United States that primarily serve rural areas; and
to identify Federal statutes (other than appropriations Acts) or regulations of the National Credit Union Administration that limit—
the methods identified under subparagraph (A); or
the establishment of de novo credit unions in rural areas.
Not later than 1 year after the date of enactment of this Act, the National Credit Union Administration shall submit to Congress a report containing all findings and determinations made in carrying out the study required under paragraph (1).