Study to Improve Growth and Stability of Rural Community Banks.
This act requires federal banking agencies to conduct a study identifying ways to improve the growth and financial stability of banks and depository institutions primarily serving rural areas. The goal is to pinpoint and potentially remove federal regulations that limit the profitability of these institutions or prevent the establishment of new banks in rural communities. This aims to ensure continued access to essential financial services for rural residents.
Key points
Mandates a joint study by Federal banking agencies (Fed, FDIC, OCC) on strengthening rural depository institutions.
The study must identify federal rules that limit the growth, profitability, or establishment of new banks in rural areas.
A report detailing the findings must be submitted to Congress within six months of the act's enactment.
Introduced
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