This part orders two studies about banking in the country. One covers banks that mainly serve rural areas. The other covers credit unions that do the same. Each must find ways to help them grow and name the federal rules that hold them back. Both reports are due to Congress in one 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
“(1) to identify methods to improve the growth, capital adequacy, and profitability of depository institutions in the United States that primarily serve rural areas; and”
The section requires the federal banking agencies, meaning the Federal Reserve Board, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation, to study jointly how to improve the growth, capital adequacy, and profitability of banks that mainly serve rural areas, and to identify federal statutes other than appropriations Acts, and their own regulations, that limit those methods or the setting up of new banks in rural areas.
What the document actually says
“(1) to identify methods to improve the growth, capital adequacy, and profitability of depository institutions in the United States that primarily serve rural areas; and”
That sentence, in plain words
The study must find ways to help banks that mainly serve the country. It looks at how they grow, how strong they are, and whether they make money.
What this is about
It must also name the federal laws and rules that get in the way. That covers rules the agencies wrote themselves. Spending laws are left out.
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.
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.
The document says “shall”Who acts: National Credit Union AdministrationHow: statuteSec. 909 in the PDF
What the document says
“(1) to identify methods to improve the growth, capital adequacy, and profitability of credit unions in the United States that primarily serve rural areas; and”
The section requires the National Credit Union Administration to study how to improve the growth, capital adequacy, and profitability of credit unions that mainly serve rural areas, and to identify federal statutes other than appropriations Acts, and its own regulations, that limit those methods or the setting up of new credit unions in rural areas.
What the document actually says
“(1) to identify methods to improve the growth, capital adequacy, and profitability of credit unions in the United States that primarily serve rural areas; and”
That sentence, in plain words
The study must find ways to help credit unions that mainly serve the country. It looks at how they grow, how strong they are, and whether they make money.
What this is about
A credit union is owned by the people who bank there. The questions match the ones asked about banks. The credit union regulator runs this one.
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.
The document says “shall”Who acts: National Credit Union AdministrationHow: statuteSec. 909 in the PDF
What the document says
“Not later than 1 year after the date of enactment of this Act, the National Credit Union Administration shall issue a report to Congress containing all findings and determinations made in carrying out the study required under subsection (c).”
The section requires the National Credit Union Administration to issue a report to Congress within a year of enactment with all the findings and determinations from the rural credit union study.
What the document actually says
“Not later than 1 year after the date of enactment of this Act, the National Credit Union Administration shall issue a report to Congress containing all findings and determinations made in carrying out the study required under subsection (c).”
That sentence, in plain words
The report is due within one year. The credit union watchdog writes it. It must carry all the study found.
What this is about
This is the second of two reports. Both are due at the same time. One covers banks and one covers credit unions.
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
“Rural Depositories Revitalization Study,” Increase the supply of housing in America, section 909. Read the Mandate, https://readthemandate.org/pl-119-101/section-909/ (retrieved August 26, 2026).
Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.
What This Page Covers, and What It Leaves Out
The four things the section does: the study of rural depository institutions, its report, the study of rural credit unions, and its report. The definitions of a depository institution, the federal banking agencies, and rural are noted.
Nothing the section does is left out.
The definitions of a depository institution and of a rural area come from the Federal Deposit Insurance Act and a federal regulation, neither of which is indexed here.
