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
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.
Assessments
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.