A joint report on rural banks is due to Congress in a year
To increase the supply of housing in America, and for other purposes, section 909, Sec. 909.
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A joint report on rural banks is due to Congress in a year
The document says “shall”Who acts: Board of Governors of the Federal Reserve System, Comptroller of the Currency, Federal Deposit Insurance CorporationHow: statuteSec. 909 in the PDF
What the document says
“Not later than 1 year after the date of enactment of this Act, the Federal banking agencies shall, jointly, issue a report to Congress containing all findings and determinations made in carrying out the study required under subsection (a).”
The section requires the federal banking agencies to issue a joint report to Congress within a year of enactment with all the findings and determinations from the rural bank study.
What the document actually says
“Not later than 1 year after the date of enactment of this Act, the Federal banking agencies shall, jointly, issue a report to Congress containing all findings and determinations made in carrying out the study required under subsection (a).”
That sentence, in plain words
The report is due within one year. Three bank regulators must write it together. It must carry everything the study found.
What this is about
One report comes from all three agencies. That means they must agree on it. Congress gets the whole of what the study found.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Increase the supply of housing in America, Public Law 119-101, sec. 909, 140 Stat. 975 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“A joint report on rural banks is due to Congress in a year,” Increase the supply of housing in America, section 909, Sec. 909. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec909-bank-report/ (retrieved August 26, 2026).
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