What does ESTABLISHMENT OF FINANCIAL AGENT MENTOR-PROTEGE PROGRAM. of Advancing the Mentor-Protégé Program for Small Financial Institutions Act do?

This section establishes the Financial Agent Mentor-Protege Program. The program allows a financial agent or large financial institution to mentor a small financial institution. The Secretary of the Treasury shall hold outreach events to promote participation in the Program at least once a year. The Secretary shall issue guidance or regulations to establish a process for exclusion from the Program. The Secretary shall report to Congress information about the Program, including participation numbers and outreach events.

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Advancing the Mentor-Protégé Program for Small Financial Institutions Act

Q: What does Preamble of Advancing the Mentor-Protégé Program for Small Financial Institutions Act do?

This bill amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. It establishes a Financial Agent Mentor-Protege Program within the Department of the Treasury.

Q: What does SHORT TITLE. of Advancing the Mentor-Protégé Program for Small Financial Institutions Act do?

This bill is formally titled the Advancing the Mentor-Protege Program for Small Financial Institutions Act

Last updated: 5/13/2026 · Introduced: 6/4/2025

Author: Joyce Beatty (D-OH)

TL;DR (AI)

This bill establishes a Financial Agent Mentor-Protege Program within the Department of the Treasury to connect larger financial institutions with smaller ones.
The program aims to help small financial institutions develop the capabilities to serve as financial agents or improve their customer service.
The Secretary of the Treasury must annually report to Congress on program participation and conduct outreach events to promote the program.

119th Congresspassed houseOfficial page

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Includes provisions on preamble, short title., and 1 more.

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