Placed on the Union Calendar, Calendar No. 168.
Establishes a Financial Agent Mentor‑Protégé Program at the Treasury under FIRREA Section 308. Designated financial agents or large financial institutions may mentor small, minority, or rural financial institutions to prepare them to serve as government financial agents or improve services.
Liberal emphasizes benefits for minority and rural depository institutions
Relative to its intended legislative type, this bill establishes clear statutory authority for a Financial Agent Mentor‑Protégé Program, supplies definitions and a reporting hook into an existing statutory report, and assigns responsibility to the Secretary of the Treasury, but it defers most operational, fiscal, and performance details to subordinate guidance or regulation.
Establishes a Financial Agent Mentor‑Protégé Program at the Treasury under FIRREA Section 308.
Designated financial agents or large financial institutions may mentor small, minority, or rural financial institutions to prepare them to serve as government financial agents or improve services.
Requires annual outreach, an exclusion process, and reporting via the Treasury Office of Minority and Women Inclusion.
Content is narrow, administratively focused, low cost, and politically unobjectionable—favorable for enactment absent competing priorities.
Relative to its intended legislative type, this bill establishes clear statutory authority for a Financial Agent Mentor‑Protégé Program, supplies definitions and a reporting hook into an existing statutory report, and assigns responsibility to the Secretary of the Treasury, but it defers most operational, fiscal, and performance details to subordinate guidance or regulation.
Liberal emphasizes benefits for minority and rural depository institutions
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberal emphasizes benefits for minority and rural depository institutions
Likely supportive because the program targets small, minority, and rural depository institutions and builds institutional capacity.
Concerned about program design details, potential large‑bank capture, and whether reporting will measure real outcomes beyond participation counts.
Generally favorable to capacity‑building and voluntary mentorship, while cautious about implementation, costs, and measurable results.
Wants clear regulations, an exclusion process that limits risk, and evaluation mechanisms to ensure the program is effective and fiscally prudent.
Skeptical about expanding federal programs and potential government involvement in coordinating private bank relationships.
May accept the bill if strictly voluntary with minimal new regulatory burdens, but worries about favoritism, selection bias, and expanded Treasury oversight.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Content is narrow, administratively focused, low cost, and politically unobjectionable—favorable for enactment absent competing priorities.
The bill has not accumulated any surfaced votes yet.
Liberal emphasizes benefits for minority and rural depository institutions
Content is narrow, administratively focused, low cost, and politically unobjectionable—favorable for enactment absent competing priorities.
Relative to its intended legislative type, this bill establishes clear statutory authority for a Financial Agent Mentor‑Protégé Program, supplies definitions and a reporting hook into an existing statutory report, and a…
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