HR 3709

Summary

Advancing the Mentor-Protégé Program for Small Financial Institutions Act This bill establishes the Financial Agent Mentor-Protégé Program within the Department of the Treasury. The program provides participating minority and rural depository institutions and small financial institutions with mentorship from large financial institutions or from financial agents designated by Treasury. This mentorship prepares protégé institutions to improve service capacity or to perform as financial agents for the federal government. 

Bill status

Status

Passed House

Sponsor

Rep. Joyce Beatty [D-OH-3]

Cosponsors

0

Policy area

Finance and Financial Sector

Introduced

2025-06-04

Latest action

2026-05-13: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committee referrals

• Banking, Housing, and Urban Affairs Committee: Senate · Referred To · 2026-05-13
• Financial Services Committee: House · Reported By · 2025-07-15
• Financial Services Committee: House · Markup By · 2025-06-10
• Financial Services Committee: House · Referred To · 2025-06-04

Recent actions

• 2026-05-13: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
• 2026-05-12: Motion to reconsider laid on the table Agreed to without objection.
• 2026-05-12: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3356)
• 2026-05-12: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3356)
• 2026-05-12: DEBATE - The House proceeded with forty minutes of debate on H.R. 3709.