# 119-hr-3709: Advancing the Mentor-Protégé Program for Small Financial Institutions Act

119-hr-3709, Advancing the Mentor-Protégé Program for Small Financial Institutions Act, is a 119th Congress bill sponsored by Rep. Beatty, Joyce [D-OH-3] (D-OH); status passed_house; PRIA reads it as touching household money (as of 2026-10-04).

- Canonical: https://policyrisk.com/legislation/119-hr-3709
- As of: 2026-10-04
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3709
- Congress: 119
- Title: Advancing the Mentor-Protégé Program for Small Financial Institutions Act
- Status: passed_house
- Introduced: 2025-06-04
- Sponsor: Rep. Beatty, Joyce [D-OH-3] (D-OH)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-04

## Summary

**Creates a Financial Agent Mentor‑Protege Program** to pair designated government financial agents or big banks with smaller banks and credit unions so they can build capacity to act as financial agents or expand customer services. Treasury would run the program under rules it issues and set participant exclusions. - Small financial institutions, including minority depository institutions and rural depository institutions, would be eligible to receive mentoring to prepare to serve as government financial agents or to improve service capacity. - Large financial institutions and any national banking association designated as a financial agent could serve as mentors under Treasury guidance, with eligibility tied to asset size thresholds like $50 billion for large institutions and $2 billion for small institutions. - The Secretary of the Treasury would conduct outreach at least once per year, create an exclusion process, and report to Congress on participation counts and outreach events. The program would take effect 90 days after enactment.

## Provisions PRIA read

- New mentor program for small banks and credit unions: benefit, low. The Treasury would set up a mentor-protege program for small financial institutions. A designated government financial agent or a large bank (assets of $50 billion or more) would be able to mentor a small bank or credit union. A small financial institution would mean one with $2 billion or less in…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-10421: Transforming Education for the Future Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act
- 119-hr-3224: International Financial Institution Improvements Act of 2025
- 119-hr-3971: Domestic Workers Bill of Rights Act

## Sources
- [119-hr-3709 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3709)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-10421: Transforming Education for the Future Act](https://policyrisk.com/legislation/119-hr-10421)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-3224: International Financial Institution Improvements Act of 2025](https://policyrisk.com/legislation/119-hr-3224)
- [119-hr-3971: Domestic Workers Bill of Rights Act](https://policyrisk.com/legislation/119-hr-3971)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3709 (as of 2026-10-04).