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H. Rept. 119-205 1 (2025-07-15)

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                    119TH CONGRESS                                        REPORT
                       1st Session    HOUSE   OF REPRESENTATIVES          119-205







                       ADVANCING THE MENTOR-PROTEGE PROGRAM FOR
                               SMALL FINANCIAL INSTITUTIONS ACT



                     JULY 15, 2025.-Committed to the Committee of the Whole House on the State of
                                       the Union and ordered to be printed



                     Mr. HILL of Arkansas, from the Committee   on Financial Services,
                                         submitted  the following


                                             REPORT

                                           [To accompany H.R. 3709]

                      The  Committee  on Financial Services, to whom  was referred the
                    bill (H.R. 3709) to amend the Financial Institutions Reform, Recov-
                    ery, and Enforcement   Act of 1989 to establish a Financial Agent
                    Mentor-Prot6g6  Program  within  the Department   of the Treasury,
                    and for other purposes, having considered the same,  reports favor-
                    ably thereon with an  amendment   and recommends   that the bill as
                    amended  do pass.

                                                CONTENTS
                                                                                   Page
                    Purpose and Sum m ary  ........................................................................................... .  2
                    Background and Need for  Legislation  ....................................................................  3
                    Com m ittee  Consideration  ........................................................................................  3
                    R elated  H earings  .....................................................................................................  4
                    C om m ittee  V otes  .....................................................................................................  4
                    Com m ittee  Oversight Findings  ...............................................................................  6
                    Perform ance  Goals  and  Objectives  .........................................................................  6
                    Com m ittee  Cost  Estim ate  .......................................................................................  6
                    New Budget Authority and CBO Cost Estimate ...................................................  6
                    Unfunded M andates  Statem ent  ..............................................................................  6
                    E arm ark  Statem ent  .................................................................................................  6
                    Federal Advisory Committee Act Statement .........................................................  6
                    Applicability  to  the  Legislative  Branch  .................................................................  7
                    Duplication  of Federal Program s  ............................................................................  7
                    Section-by-Section  Analysis of the  Legislation  ......................................................  7
                    Changes in Existing Law Made by the Bill, as Reported .................             7
                      The amendment is   as follows:
                      Strike all after the enacting clause and insert the following:


59-006