RURAL DEPOSITORIES REVITALIZATION STUDY.

SEC. 909. RURAL DEPOSITORIES REVITALIZATION STUDY. (a) Study.—The Federal banking agencies shall, jointly, carry out a study— (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 (2) to identify Federal statutes (other than appropriations Acts) or regulations of the Federal banking agencies that limit— (A) the methods identified under paragraph (1); or (B) the establishment of de novo depository institutions in rural areas. (b) Report.—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). (c) Study on Rural Credit Unions.—The National Credit Union Administration shall carry out a study— (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 (2) to identify Federal statutes (other than appropriations Acts) or regulations of the National Credit Union Administration that limit— (A) the methods identified under paragraph (1); or (B) the establishment of de novo credit unions in rural areas. (d) Report on Rural Credit Unions.—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). (e) Definitions.—In this section: (1) Depository institution.—The term “depository institution” has the meaning given that term in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813). (2) Federal banking agencies.—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. (3) Rural.—With respect to an area, the term “rural” has the meaning given that term in section 1026.35(b)(2)(iv)(A) of title 12, Code of Federal Regulations.