,,ii  #aaith ,,congress  #b;d ,session  
,s4 #dhci  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #ah1     
#bjbf,mr4 ,ricketts 7for himself and    
,ms4 ,cortez ,masto7 introduced the     
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to require the ,board of       
,governors of the ,federal ,reserve     
,system1 the ,comptroller of the        
,currency1 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 health1 and for other purposes4    
#a4 ,short title ,this ,act may be cited
 as the ,bank-,fintech ,partnership     
,enhancement ,act4  #b4 ,definitions ,in
 this ,act3 7#a7 ,banking organization  
,the term banking organization means a  
depository institution holding company  
or an insured depository institution4   

7#b7 ,depository institution holding    
company2 insured depository institution 
,the terms depository institution       
holding company and insured depository  
institution have the meanings given the 
terms in section #c of the ,federal     
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahac74  #c4 ,study on bank-fintech     
partnerships  7a7 ,study ,the ,board of 
,governors of the ,federal ,reserve     
,system1 the ,comptroller of the        
,currency1 and the ,federal ,deposit    
,insurance ,corporation shall carry out 
a study of-- 7#a7 the impact of         
partnerships between banking            
organizations and financial technology  
companies on the banking sector1        
competition1 innovation1 consumer       
protection1 and the availability of     
financial products and services1        
including the extent to which the       
partnerships support the formation of   
new banking organizations1 reduce time  
to market for products and services1    
lower compliance burdens1 boost customer

 acquisition1 improve technological     
capabilities1 and provide access to more
 diverse funding sources2 and  7#b7 what
 changes to ,federal laws governing     
banking organizations1 or to rules or   
guidance adopted by the ,board of       
,governors of the ,federal ,reserve     
,system1 the ,comptroller of the        
,currency1 or the ,federal ,deposit     
,insurance ,corporation1 may help       
promote effective partnerships between  
banking organizations and financial     
technology companies4  7b7 ,report ,not 
later than #a year after the date of    
enactment of this ,act1 the ,board of   
,governors of the ,federal ,reserve     
,system1 the ,comptroller of the        
,currency1 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 7a74  #d4 ,study on credit   
union-fintech partnerships  7a7 ,study  
,the ,national ,credit ,union           

,administration shall carry out a study 
of-- 7#a7 the impact of partnerships    
between credit unions and financial     
technology companies on the credit union
 sector1 competition1 innovation1       
consumer protection1 and the            
availability of financial products and  
services1 including the extent to which 
the partnerships support the formation  
of new credit unions1 reduce time to    
market for products and services1 lower 
compliance burdens1 boost customer      
acquisition1 improve technological      
capabilities1 and provide access to more
 diverse funding sources2 and  7#b7 what
 changes to ,federal laws governing     
credit unions1 or to rules or guidance  
adopted by the ,national ,credit ,union 
,administration1 may help promote       
effective partnerships between credit   
unions and financial technology         
companies4  7b7 ,report ,not later than 
#a year after the date of enactment of  
this ,act1 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 7a74