Ricketts and Sen. Catherine Cortez Masto introduced the Bank-Fintech Partnership Enhancement Act, which would require a comprehensive study of fintech partnerships with small-to-medium banks and credit unions and report back to Congress.
Introduce and support bipartisan legislation to require a comprehensive study of fintech partnerships with small-to-medium banks and credit unions and report the findings to Congress.
Occurrences
Evidence
Congress.gov identifies Pete Ricketts as a Republican senator for Nebraska in the 118th-119th Congresses and lists his member activity as Sponsored Legislation [105], Cosponsored Legislation (All) [664], including Finance and Financial Sector [42].
The S.1582 cosponsor page lists Sen. Ricketts, Pete [R-NE] as a cosponsor on 06/17/2025. Congress.gov lists five current cosponsors, all Republican, and the bill became Public Law No. 119-27 on 07/18/2025.
The enacted text requires a study of potential insolvency proceedings for permitted payment stablecoin issuers and a Treasury study on non-payment stablecoins, each with reports to congressional committees.
Congress.gov summarizes S.1582 as establishing a regulatory framework for payment stablecoins and says permitted issuers may be insured depository institution subsidiaries, federal-qualified nonbank payment stablecoin issuers, or state-qualified payment stablecoin issuers.
Ricketts' Senate office announced that Ricketts and Democratic Sen. Catherine Cortez Masto introduced the Bank-Fintech Partnership Enhancement Act, a bill requiring a comprehensive study of fintech partnerships with small-to-medium banks and credit unions.
The release says the bill directs federal banking regulators to study fintech-company partnerships with banks and credit unions and would require regulators to submit findings to Congress within one year after passage.
Ricketts' press-release index lists the June 18, 2026 item titled "Ricketts Introduces Bipartisan Bill to Strengthen Bank-Fintech Partnerships" and summarizes that it requires a comprehensive study of fintech partnerships with small-to-medium banks and credit unions.
Assessments
The promise was to introduce and support bipartisan legislation requiring a comprehensive study of fintech partnerships with small-to-medium banks and credit unions and a report to Congress. Ricketts, while serving as U.S. senator, introduced the bipartisan Bank-Fintech Partnership Enhancement Act with Sen. Catherine Cortez Masto on June 18, 2026. The bill directly requires the relevant federal regulators to conduct the specified study and submit findings to Congress within one year after passage. Because the promised action was introduction and support of bipartisan legislation, not enactment, this counts as delivered in the same term.
Ricketts supported enacted digital-assets legislation with study-and-report provisions, but the identified provisions concern stablecoin issuer insolvency and non-payment stablecoins, not a comprehensive study of fintech partnerships with small-to-medium banks and credit unions. The evidence also found no Ricketts-sponsored or cosponsored bipartisan bill matching the promised fintech-partnership study. This is related legislative effort, but the specific promised outcome was not delivered.