This critical legislation will codify the Financial Agent Mentor-Protégé Program at the U.S. Department of the Treasury.
Codify the Treasury Department's Financial Agent Mentor-Protégé Program for small and rural financial institutions.
Occurrences
Beatty’s bill, H.R. 3709 the ‘Advancing the Mentor Protégé Program for Small Financial Institutions’ Act unanimously passed the House of Representatives and now awaits Senate passage.
H.R. 3709- Advancing the Mentor-Protege Program for Small Financial Institutions Act , sponsored by Rep. Joyce Beatty (OH-03), unanimously passed the House by voice vote. H.R. 3709 codifies the mentor-protege program at the Department of Treasury, which pairs rural and small financial institutions with larger institutions to strengthen their capacity to partner with the federal government and expand access to responsible financial services.
Evidence
Rep. Beatty said she was supporting H.R. 3709 and that codifying the Mentor-Protégé Program at Treasury would help preserve and strengthen small, rural, and minority financial institutions; the record later states the bill passed by voice vote.
The committee said H.R. 3709 unanimously passed the House by voice vote and that it codifies the mentor-protege program at Treasury for rural and small financial institutions.
House floor materials for the week of May 11 list H.R. 3709, the Advancing the Mentor-Protégé Program for Small Financial Institutions Act, as a bill scheduled for suspension consideration.
Congress.gov lists H.R. 3709's latest action as 'House - 07/15/2025 Placed on the Union Calendar, Calendar No. 168' and still shows 'This bill has the status Introduced'; the page does not show Senate passage, enrollment, or a public law.
The bill summary states that H.R. 3709 would establish the Financial Agent Mentor-Protégé Program within the Department of the Treasury for minority and rural depository institutions and small financial institutions; the same page shows it was reported to the House on 07/15/2025.
Assessments
Beatty materially supported and publicly advocated for H.R. 3709, and the bill appears to have advanced through committee and later passed the House by voice vote during the same congressional term. But the promise was to codify the Treasury Financial Agent Mentor-Protege Program into law, and the evidence provided does not show Senate passage, enrollment, or enactment as a public law. That means there was a serious legislative effort with meaningful progress, but not final delivery of the promised outcome.
The evidence shows Beatty materially advanced H.R. 3709 and the House passed it by voice vote in the same federal term, but House passage alone does not codify a Treasury program into law. There is no evidence in the payload that the Senate passed it or that it was enacted. This is therefore a serious legislative effort toward the promise, not delivery of the promised codification.