Advancing the Mentor-Protégé Program for Small Financial Institutions Act
Bill Summary
Expands the Mentor-Protégé Program to help small financial institutions, like community banks and credit unions, by pairing them with larger institutions for guidance and support. Requires the program to provide resources and training to these small institutions.
Sponsored By
Bill Journey
- Jun 4, 2025
- May 13, 2026You Are Here
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects small financial institutions, such as community banks and credit unions, by providing them with access to mentorship, resources, and training to help them operate and grow. It also impacts the customers and communities served by these small institutions, potentially leading to improved financial services and stability.
Impact Areas
Support & Opposition
- Democratic1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Economy
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.