On the recordMay 12, 2026
I rise in support of Congresswoman Joyce Beatty's bill, the Advancing the Mentor-Protege Program for Small Financial Institutions. Small financial institutions, as we have discussed this afternoon, play a vital role in providing financial services to our families and our small businesses across our communities that often lack robust access to financial products and services, particularly outside our urban areas. Yet, over the last few decades, we have seen a steady decline in the number of these vital smaller institutions threatening access to mortgages for American families and important capital access for small business development or agricultural loans for our family farmers. Representative Beatty's bipartisan legislation helps ensure that smaller banks and credit unions remain viable by formally codifying the Financial Agent Mentor-Protege Program within the United States Department of the Treasury.
Source
govinfo.gov
