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EconomyH.R. 3709Comments

Advancing the Mentor-Protégé Program for Small Financial Institutions Act

Official title: 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.

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Where the Bill Stands

  1. Introduced, done
  2. Committee, done
  3. Floor Vote, done
  4. Outcome, current stage

What This Bill Does

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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Related Documents

Bill on Congress.govWeb Page ↗ (opens in a new tab)

Timeline

  1. SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. House floor actionsMr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  3. Passed the House
  4. House floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-205.
  5. House committee actionsCommittee Consideration and Mark-up Session Held
  6. Library of CongressIntroduced in House
  7. House floor actionsReferred to the House Committee on Financial Services.
  8. Introduced
  9. Committee

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