119 S4839 IS: Bank-Fintech Partnership Enhancement Act U.S. Senate 2026-06-18 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II119th CONGRESS2d SessionS. 4839IN THE SENATE OF THE UNITED STATESJune 18, 2026Mr. 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 AffairsA BILLTo 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.

1.

Short title

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

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).

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).

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).