Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
The bill orders the Federal Reserve Board, the Office of the Comptroller of the Currency, the FDIC, and the National Credit Union Administration to conduct studies on ways to improve growth, capital adequacy, and profitability of depository institutions that serve rural areas. Each agency must also identify any federal statutes or regulations that limit those improvements or the creation of new rural banks or credit unions. The agencies must send their findings to Congress within one year of the law’s enactment.
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