Bank-Fintech Partnership Enhancement Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4839 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 4839

 To require the Board of Governors of the Federal Reserve System, the 
    Comptroller of the Currency, and the Federal Deposit Insurance 
  Corporation to study how partnerships between financial technology 
      companies and banking organizations can support new banking 
    organization formation and community bank health, and for other 
                               purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                             June 18, 2026

    Mr. Ricketts (for himself and Ms. Cortez Masto) introduced the 
 following bill; which was read twice and referred to the Committee on 
                  Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL

 
 To require the Board of Governors of the Federal Reserve System, the 
    Comptroller of the Currency, and the Federal Deposit Insurance 
  Corporation to study how partnerships between financial technology 
      companies and banking organizations can support new banking 
    organization formation and community bank health, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Bank-Fintech Partnership Enhancement 
Act''.

SEC. 2. DEFINITIONS.

    In this Act:
            (1) Banking organization.--The term ``banking 
        organization'' means a depository institution holding company 
        or an insured depository institution.
            (2) Depository institution holding company; insured 
        depository institution.--The terms ``depository institution 
        holding company'' and ``insured depository institution'' have 
        the meanings given the terms in section 3 of the Federal 
        Deposit Insurance Act (12 U.S.C. 1813).

SEC. 3. STUDY ON BANK-FINTECH PARTNERSHIPS.

    (a) Study.--The Board of Governors of the Federal Reserve System, 
the Comptroller of the Currency, and the Federal Deposit Insurance 
Corporation shall carry out a study of--
            (1) the impact of partnerships between banking 
        organizations and financial technology companies on the banking 
        sector, competition, innovation, consumer protection, and the 
        availability of financial products and services, including the 
        extent to which the partnerships support the formation of new 
        banking organizations, reduce time to market for products and 
        services, lower compliance burdens, boost customer acquisition, 
        improve technological capabilities, and provide access to more 
        diverse funding sources; and
            (2) what changes to Federal laws governing banking 
        organizations, or to rules or guidance adopted by the Board of 
        Governors of the Federal Reserve System, the Comptroller of the 
        Currency, or the Federal Deposit Insurance Corporation, may 
        help promote effective partnerships between banking 
        organizations and financial technology companies.
    (b) Report.--Not later than 1 year after the date of enactment of 
this Act, the Board of Governors of the Federal Reserve System, the 
Comptroller of the Currency, and the Federal Deposit Insurance 
Corporation shall submit to Congress a report containing all findings 
and determinations made in carrying out the study required under 
subsection (a).

SEC. 4. STUDY ON CREDIT UNION-FINTECH PARTNERSHIPS.

    (a) Study.--The National Credit Union Administration shall carry 
out a study of--
            (1) the impact of partnerships between credit unions and 
        financial technology companies on the credit union sector, 
        competition, innovation, consumer protection, and the 
        availability of financial products and services, including the 
        extent to which the partnerships support the formation of new 
        credit unions, reduce time to market for products and services, 
        lower compliance burdens, boost customer acquisition, improve 
        technological capabilities, and provide access to more diverse 
        funding sources; and
            (2) what changes to Federal laws governing credit unions, 
        or to rules or guidance adopted by the National Credit Union 
        Administration, may help promote effective partnerships between 
        credit unions and financial technology companies.
    (b) Report.--Not later than 1 year after the date of enactment of 
this Act, the National Credit Union Administration shall submit to 
Congress a report to Congress containing all findings and 
determinations made in carrying out the study required under subsection 
(a).
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