H.R. 3709 · Where this bill is now
Became law through another bill
Its text was included in H.R. 6644, Public Law 119-101 (per the Congressional Research Service). This bill number itself: In the Senate.
See H.R. 6644 on Congress.gov ↗
What this bill does
In plain words · AI-written from the official summaryMentorship program for small financial institutions
This bill creates a new program in the Treasury Department that pairs small financial institutions—especially those serving minority and rural communities—with mentors from larger financial institutions or with financial agents chosen by Treasury. The mentorship helps these smaller institutions grow their ability to serve customers better and to become qualified to handle government financial services.
How it affects you
If you own or work at a small bank or credit union in a rural or minority community, this program could help your institution get training and support to expand what you can offer. For people who bank at smaller institutions, better mentorship could eventually mean improved services. The program is primarily designed to strengthen these specific financial institutions rather than directly affect most individuals.
Read the official summary (Reported to House, Jul 15, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 3709
AN ACT
Advancing the Mentor-Protégé Program for Small Financial Institutions Act
Sponsor: Rep. Joyce Beatty (D-OH-3) · Introduced Jun 4, 2025 · Finance and Financial Sector · 4 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action May 13, 2026: “Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”