Advancing the Mentor-Protégé Program for Small Financial Institutions Act
June 4, 2025
Track this bill to get notified when it advances a stage. One tap to stop, anytime.
Where This Stands
Currently in_committee. The next step in the legislative lifecycle is Floor Vote.
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →The Frame
The bill establishes a formal framework for large banks to mentor smaller institutions, which could change how small banks access resources and government contracting opportunities starting 90 days after the bill is enacted.
Potentially affected actors named in the source documents. Mention is not a position.
Small financial institutions
These institutions are eligible to receive mentorship to improve capacity and government contracting readiness.
Large financial institutions
These institutions are eligible to serve as mentors to smaller institutions under Treasury guidance.
Department of the Treasury
The agency is tasked with establishing the program, conducting outreach, and issuing regulations.
Current stage: in_committee.
Floor Vote.
Summary
Key Facts
- The Secretary of the Treasury is required to establish a 'Financial Agent Mentor-Protégé Program'.
- The program allows large financial institutions or designated financial agents to mentor small financial institutions.
- Mentorship goals include preparing small institutions to act as government financial agents or improving their service capacity.
- The Treasury must hold at least one outreach event annually to promote participation.
- The Treasury must create a process to exclude specific institutions from the program.
- The Office of Minority and Women Inclusion must report annually to Congress on program participation and outreach events.
- A 'large financial institution' is defined as having $50 billion or more in total consolidated assets.
- A 'small financial institution' is defined as having $2 billion or less in assets, or being a minority or rural depository institution.
- A 'rural depository institution' is defined as having less than $10 billion in assets and being located in a rural area.
- The Act takes effect 90 days after the date of enactment.
Frequently Asked Questions
What is the purpose of the Mentor-Protégé Program?
Which institutions qualify as 'small' under this bill?
When does this program start?
Why It Matters
The bill establishes a formal framework for large banks to mentor smaller institutions, which could change how small banks access resources and government contracting opportunities starting 90 days after the bill is enacted.
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Formalizing Mentorship
The bill shifts from informal industry networking to a formal, Treasury-regulated mentorship program with mandatory annual reporting to Congress.
Connected Entities
Analysis Score
0–100- Significance40How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
Publisher tools