H.R. 3709 Passed the House Finance and Financial Sector

Advancing the Mentor-Protégé Program for Small Financial Institutions Act

To amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to establish a Financial Agent Mentor-Protégé Program within the Department of the Treasury, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Beatty, Joyce [D-OH-3] Introduced June 4, 2025 Cosponsors 0 Latest action May 13, 2026

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. 

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. May 13, 2026 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. May 12, 2026 Motion to reconsider laid on the table Agreed to without objection.
  3. May 12, 2026 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3356)
  4. May 12, 2026 DEBATE - The House proceeded with forty minutes of debate on H.R. 3709.
  5. May 12, 2026 Considered under suspension of the rules. (consideration: CR H3356-3357)
  6. May 12, 2026 Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  7. Jul 15, 2025 Placed on the Union Calendar, Calendar No. 168.
  8. Jul 15, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-205.
  9. Jun 10, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.
  10. Jun 10, 2025 Committee Consideration and Mark-up Session Held
  11. Jun 4, 2025 Referred to the House Committee on Financial Services.
  12. Jun 4, 2025 Introduced in House

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