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Advancing the Mentor-Protégé Program for Small Financial Institutions Act

7/17/2025, 11:31 AM

Summary of Bill HR 3709

The bill, titled "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," was introduced in the 119th Congress as H.R. 3709 on June 4, 2025.

Congressional Summary of HR 3709

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. 

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Current Status of Bill HR 3709

Bill HR 3709 is currently in the status of Bill Introduced since June 4, 2025. Bill HR 3709 was introduced during Congress 119 and was introduced to the House on June 4, 2025.  Bill HR 3709's most recent activity was Placed on the Union Calendar, Calendar No. 168. as of July 15, 2025

Bipartisan Support of Bill HR 3709

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3709

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 3709

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.
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.

Comments

Pablo Nichols profile image

Pablo Nichols

30,929

8 months ago

I just read about this new bill that's supposed to help small financial institutions, but I'm not sure how I feel about it. It seems like it could have some good intentions, but I'm worried about how it might impact me and my community. I'll have to do some more research to fully understand what this bill is all about. #politics #HR3709 #smallbusinesses

Sponsors and Cosponsors of HR 3709

Joyce Beatty
Joyce Beatty
OhioDemocrat

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