Bank-Fintech Partnership Enhancement Act
Bank-Fintech Partnerships: Federal Study and Report
Legislative Progress
Key Points
- Requires the Federal Reserve, the Comptroller of the Currency, and the FDIC to study how banks and fintech companies can work together.
- The study looks at whether these partnerships help start new banks and keep community banks healthy and competitive.
- It asks how partnerships might speed up new products, lower compliance hassle, help banks find customers, and upgrade technology.
- The agencies must also consider what law or rule changes could make these partnerships work better.
- Within 6 months after the bill becomes law, the agencies must send Congress a report with their findings.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Placed on the Union Calendar, Calendar No. 456.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-531.
Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 0.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee Consideration and Mark-up Session Held
Committee Consideration and Mark-up Session Held
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Bank-Fintech Partnership Enhancement Act
Data Sources
Sponsor
Cosponsors
(6)Analysis generated by AI. Always verify with official sources.