HR3709-119

Reported

Advancing the Mentor-Protégé Program for Small Financial Institutions Act

119th Congress Introduced Jun 4, 2025

Summary

What This Bill Does

The Advancing the Mentor-Protege Program for Small Financial Institutions Act amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. It requires the Treasury Secretary to establish the Financial Agent Mentor-Protege Program. Under the program, a Treasury-designated financial agent or a large financial institution may mentor a small financial institution so the smaller institution can be prepared to perform as a Treasury financial agent or improve capacity to serve its customers. The Secretary must hold outreach events at least once a year to promote participation by financial agents, large financial institutions, and small financial institutions. Treasury must issue guidance or regulations for excluding participants from the program. Treasury's Office of Minority and Women Inclusion must include program participation and outreach-event data in its annual report to Congress.

Who Benefits and How

Small financial institution officers benefit from mentoring that can help them qualify for Treasury financial-agent work or improve customer-service capacity. Minority depository institution officers benefit because the program is tied to Treasury's Office of Minority and Women Inclusion reporting and outreach. Rural depository institution officers benefit from a path to capacity building with larger mentors. Large bank mentor staff benefit from a formal Treasury-sanctioned structure for mentoring smaller institutions. Small financial institution customers benefit if the program improves services and operational capacity.

Who Bears the Burden and How

The Department of the Treasury must establish the program, prescribe guidance or regulations, hold annual outreach, define exclusion procedures, and report participation data. Treasury's Office of Minority and Women Inclusion must add program metrics to its congressional reporting. Large bank mentor staff must commit staff time and compliance resources. Small financial institution compliance officers must meet program requirements and respond to Treasury oversight. Excluded bank applicants lose access to the program if they fail the process established by Treasury.

Key Provisions

  • Requires the Treasury Secretary to establish the Financial Agent Mentor-Protege Program.
  • Allows designated financial agents and large financial institutions to mentor small financial institutions.
  • Directs the program to prepare small institutions for Treasury financial-agent work or improve customer-service capacity.
  • Requires annual outreach events promoting participation in the program.
  • Requires Treasury exclusion guidance and congressional reporting through the Office of Minority and Women Inclusion.

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

Creates a Treasury Financial Agent Mentor-Protege Program in which designated financial agents or large financial institutions mentor small financial institutions so they can serve as financial agents or improve customer-service capacity, with annual outreach, exclusion guidance, definitions, and congressional reporting through Treasury's Office of Minority and Women Inclusion.

Key Policy Areas

Banking, Small Business, Financial Regulation

Primary Purpose

Creates a Treasury Financial Agent Mentor-Protege Program in which designated financial agents or large financial institutions mentor small financial institutions so they can serve as financial agents or improve customer-service capacity, with annual outreach, exclusion guidance, definitions, and congressional reporting through Treasury's Office of Minority and Women Inclusion.

Policy Domains

Banking Small Business Financial Regulation

House resolution provisions

Identified Gains
  • Small financial institution officers
  • Minority depository institution officers
  • Rural depository institution officers
  • Large bank mentor staff
  • Small financial institution customers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: rfs
Large bank mentor staff: ,
Small financial institution officers: ,
Rural depository institution officers: ,
Small financial institution customers: ,
Minority depository institution officers: ,
Identified Costs
  • Department of the Treasury
  • Treasury Office of Minority and Women Inclusion
  • Large bank mentor staff
  • Small financial institution compliance officers
  • Excluded bank applicants
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: rfs
Large bank mentor staff: ,
Excluded bank applicants: ,
Department of the Treasury: ,
Small financial institution compliance officers: ,
Treasury Office of Minority and Women Inclusion: ,

Legislative Progress

Reported
Introduced Committee Passed
May 13, 2026

Received; read twice and referred to the Committee on Banking, …

May 13, 2026

Received in the Senate and Read twice and referred to …

May 12, 2026

Motion to reconsider laid on the table Agreed to without …

May 12, 2026

Passed/agreed to in House: On motion to suspend the rules …

May 12, 2026

DEBATE - The House proceeded with forty minutes of debate …

May 12, 2026

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

May 12, 2026

Mr. Hill (AR) moved to suspend the rules and pass …

May 12, 2026

Motion to reconsider laid on the table Agreed to without …

Jul 15, 2025

Placed on the Union Calendar, Calendar No. 168.

Jul 15, 2025

Reported with an amendment, committed to the Committee of the …

Stakeholder Effects

cui bono?

How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.

Financial Services
24 mentions across 6 clauses
+18 positive ?6 uncertain

Large financial institution mentors, Minority depository institutions, Rural depository institutions

Government
12 mentions across 6 clauses
-12 negative

Department of the Treasury, Treasury Office of Minority and Women Inclusion

2/2
sections analyzed
Full impact breakdown

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Banking Small Business Financial Regulation
Actor Mappings
"omwi"
→ Office of Minority and Women Inclusion
"treasury"
→ Department of the Treasury

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology