S. 4839

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.
 II  119th CONGRESS  2d Session  S. 4839  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.
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).