The purpose of this legislation is to require key financial regulatory bodies in the United States to study the partnerships between financial technology companies (fintechs) and traditional banking organizations. The goal is to understand how these collaborations can help create new banking institutions and improve the health of community banks. The main provisions of the legislation include a mandate for the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to conduct a thorough study.