Study on de novo financial institutions

(a) Study The appropriate Federal banking agencies shall, jointly, carry out a study on— (1) the principal causes for the low number of de novo financial institutions in the 10-year period ending on the date of enactment of this Act; and (2) ways to promote more de novo financial institutions in areas currently underserved by financial institutions. (b) Report to Congress Not later than 1 year after the date of enactment of this Act, the appropriate 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).