Stripe and Ramp executives highlighted their companies’ need for more access to the Federal Reserve’s payment rails during a Fed conference.

Financial technology firms, including Ramp and Stripe, are still pushing for access to Federal Reserve payment rails, aiming to see movement of a bill pending in Congress.

Executives from both companies spoke at a conference last month in favor of gaining access to Federal Reserve payment systems, which include Fedwire Funds Service, FedNow Service and FedACH Services.

Stripe has no access to a Federal Reserve master account, “even though we settle lots of payments every day, and it would be really efficient and really safe for our users to be able to do so,” Jonah Crane, head of global regulatory and policy at Stripe, said at a Sept. 25 panel discussion.

“The core challenge we see is just the mismatch between our business and the sort of legacy regulatory boxes, and we constantly have these square-peg, round-hole problems,” Crane added during the talk, which was held at the Philadelphia Federal Reserve Bank’s annual fintech conference.

In April, California Republican Rep. Young Kim introduced the Payments Access and Consumer Efficiency (PACE) bill to address fintechs’ desire for more Fed access. The measure is designed to let these companies use the U.S. electronic payments systems under new oversight from the Office of the Comptroller of the Currency.

The bipartisan bill was cosponsored by Rep. Sam Liccardo, a Democrat who represents a Silicon Valley district that includes part of San Jose, California, cosponsored Kim’s bill.

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