We have received text from H.R. 6552: Bank-Fintech Partnership Enhancement Act. This bill was received on 2025-12-10, and currently has no cosponsors.
Here is a short summary of the bill:
The proposed legislation, known as the Bank-Fintech Partnership Enhancement Act, aims to explore the relationship between banking organizations and financial technology (fintech) companies. The bill mandates a comprehensive study by the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation on how these partnerships can contribute to the formation of new banks and support the health of community banks.
Key Objectives of the Study
The study will focus on two main areas:
- Partnership Benefits: Investigate how collaborations between banks and fintech firms can facilitate the establishment of new banking entities and promote the sustainability of community banks. This includes assessing the potential advantages such as:
- Reducing the time needed to bring banking products and services to market.
- Lessening the regulatory compliance burdens that banks face.
- Enhancing customer acquisition efforts.
- Improving technological capabilities within traditional banking systems.
- Broadening access to diverse funding sources for banks.
- Legal and Regulatory Changes: Identify any modifications to existing federal banking laws or the regulatory framework that might encourage effective collaborations between banks and fintech firms.
Reporting Requirements
Within six months of the bill’s enactment, the aforementioned regulatory bodies are required to prepare and submit a report to Congress. This report will summarize the findings from the study and provide recommendations based on their conclusions regarding bank-fintech partnerships.
Definitions
The term "banking organization" in the context of this legislation refers to entities defined as depository institution holding companies or insured depository institutions, as established under federal law.
Relevant Companies
None found
Representative Andy Barr Bill Proposals
Here are some bills which have recently been proposed by Representative Andy Barr:
- H.R.6553: TIER Act of 2025
- H.R.6552: Bank-Fintech Partnership Enhancement Act
- H.R.6511: To exempt small seller financers from certain licensing requirements.
- H.R.5929: Critical Minerals Supply Chain Resiliency Act
- H.R.5928: Camp Nelson National Monument Act
- H.R.5927: Securing Reliable Power for Advanced Technologies Act
You can track bills proposed by Representative Andy Barr on Quiver Quantitative's politician page for Barr.
Representative Andy Barr Net Worth
Quiver Quantitative estimates that Representative Andy Barr is worth $1.9M, as of December 13th, 2025. This is the 260th highest net worth in Congress, per our live estimates.
Barr has approximately $518.4K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Andy Barr's net worth on Quiver Quantitative's politician page for Barr.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
