Advancing the Mentor-Protégé Program for Small Financial Institutions Act

Hozzl · 2026-05-15T03:08:23Z

Explore the details of House Bill 3709 Advancing the Mentor-Protégé Program for Small Financial Institutions Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

5/15/2026, 3:08 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 Passed in House since May 12, 2026. 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 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of May 13, 2026

Bipartisan Support of Bill HR 3709

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Unaffiliated Sponsors

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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.