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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