Pete Ricketts (R-NE)
Bank-Fintech Partnership Enhancement Act
A Republican bill with 1 Democratic cosponsor · See the cosponsor
Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The Bank-Fintech Partnership Enhancement Act requires several government agencies to study how partnerships between financial technology companies and banking organizations affect the banking sector. The Federal Reserve, the Comptroller of the Currency, and the FDIC will examine impacts on competition, innovation, and consumer protection. This study includes looking at how these partnerships help form new banks and improve community bank health. Additionally, the National Credit Union Administration must conduct a similar study focused on credit unions and fintech partnerships. Both reports must be submitted to Congress within one year of the Act's enactment.
Yes· 3 of 28
- Scored +4
Would business owners be better off under this?
Supports the health of community banks and provides new paths for banking organization formation.
- Scored +3
Would households on low incomes be better off under this?
Fintech partnerships can increase access to financial services for the unbanked or underbanked.
- Scored +3
Would immigrants be better off under this?
Fintech often provides lower barriers to entry for financial services for immigrants.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Access to Services: The study examines the "availability of financial products and services," which could lead to more options for consumers (Section 3(a)(1)).
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Faster Innovation: The bill looks at how partnerships can "reduce time to market for products and services," potentially bringing new financial tools to the public more quickly (Section 3(a)(1)).
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Support for Local Banking: The study investigates how these partnerships "support the formation of new banking organizations" and "community bank health," which can benefit local communities (Section 3(a)(1)).
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Credit Union Improvements: The National Credit Union Administration will study how fintech partnerships can "improve technological capabilities" and "boost customer acquisition" for credit unions (Section 4(a)(1)).
Potential Negative Impacts for People
- No negative impacts for individuals or groups are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — Supports the health of community banks and provides new paths for banking organization formation. Would immigrants be better off under this? — Fintech often provides lower barriers to entry for financial services for immigrants. Would households on low incomes be better off under this? — Fintech partnerships can increase access to financial services for the unbanked or underbanked. Would people in rural areas be better off under this? — Strong focus on community bank health and expanding access to services. Would Black Americans be better off under this? — Potential for increased financial inclusion through fintech-led banking access. Would farmers be better off under this? — Benefit from improved health and services of community banks. Would Hispanic Americans be better off under this? — Potential for increased financial inclusion through fintech-led banking access. Would middle-income households be better off under this? — Increased competition and innovation usually lead to better products for consumers. Would Native Americans be better off under this? — Potential for improved access via fintech in remote or underserved areas. Would students be better off under this? — High adoption rate and benefit from innovative financial tools. Would people in cities be better off under this? — Increased availability of digital financial products. Would people in their twenties and thirties be better off under this? — Younger adults are more likely to utilize fintech services for banking. Would Asian Americans be better off under this? — General improvement in financial services availability. Would high-income households be better off under this? — Access to more diverse financial products. Would LGBTQ people be better off under this? Would men be better off under this? Would people in middle age be better off under this? — General improvement in financial product availability. Would people with disabilities be better off under this? — Fintech can provide more accessible banking interfaces. Would retired people be better off under this? Would people over 65 be better off under this? — Potential for better financial services, though adoption may be slower. Would white Americans be better off under this? — General improvement in financial services availability. Would women be better off under this?
- Economy And Finance
- Does this make it easier to run a small business? — Specifically targets the health of community banks and the formation of new banking organizations. Does this give people more protection from unfair business practices? — Requires a study on the impact of fintech partnerships on consumer protection. Is this likely to grow the economy? — Promotes innovation and competition within the financial sector which can stimulate economic growth. Is this likely to create jobs? — Potential for job growth through the formation of new banking organizations and fintech innovation.
- Environment Energy And Infrastructure
- Does this invest in rural communities? — Support for community bank health often correlates with better financial infrastructure in rural areas.
- Social Issues And Justice
- Is this likely to lift people out of poverty? — Potential for increased availability of financial products to underserved populations through fintech.
- 6/18/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Catherine Cortez MastoDemocrat · Nevada