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HR. 3709 · 119th Congress

Advancing the Mentor-Protégé Program for Small Financial Institutions Act

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Bill details

Introduced: 6/4/2025
Status: Placed on the Union Calendar, Calendar No. 168.
Bill ID: 119hr3709
Latest action: Placed on the Union Calendar, Calendar No. 168.

Summary

Reported to House

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.

Source: BILLSUM · Summary date: 7/15/2025

District impact notes

1 notes
NEUTRAL
4/7/2026

The Advancing the Mentor-Protégé Program for Small Financial Institutions Act creates a mentorship program for small financial institutions. • This program could help local minority and rural depository institutions improve their service capacity. • It may also enhance the ability of small financial institutions in the district to engage with federal financial operations. • Questions may arise about how effectively larger institutions can provide mentorship and whether all small institutions will benefit equally. AI-generated from official bill summary and plain-English note; verify with official text.

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Summary source label: BILLSUM
Congress.gov bill →GovInfo bill text (BILLS) →GovInfo summaries (BILLSUM) →OurCongress methodology →
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About this data

Non-partisan by design
OurCongress provides plain-English context without endorsements, political interpretation, or advocacy.
Official sources
Data is sourced from official government records (e.g., Congress.gov, GovInfo, Clerk of the House, and the U.S. Senate).
AI-generated text
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Last updated: 4/7/2026Source: BILLSUMBill: 119hr3709Learn more →