H.R. 3709 · 119th Congress

Advancing the Mentor-Protégé Program for Small Financial Institutions Act

Introduced Jun 4, 2025Policy area: Finance and Financial Sector

Status: Passed House

  1. Introduced (done)
  2. Committee (done)
  3. Passed House (current)
  4. Passed Senate
  5. To President
  6. Law

Latest action

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

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.

Actions

  1. Senate

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. House

    Motion to reconsider laid on the table Agreed to without objection.

  3. House

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3356)

  4. House

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3709.

  5. House

    Considered under suspension of the rules. (consideration: CR H3356-3357)

  6. House

    Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

  7. House

    Placed on the Union Calendar, Calendar No. 168.

  8. House

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-205.

  9. House

    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.

  10. House

    Committee Consideration and Mark-up Session Held

  11. House

    Referred to the House Committee on Financial Services.

  12. Introduced in House