Political Quotes

“I rise in support of H.R. 3709, the Advancing the Mentor-Protege Program for Small Financial Institutions Act sponsored by our colleague and former chair of our Diversity and Inclusion Subcommittee, Representative Joyce Beatty. She has been such a strong leader in supporting our community banks and credit unions across the country, including our Community Development Financial Institutions, or CDFIs, and our Minority Depository Institutions, or MDIs. Now, H.R. 3709 will enhance the Treasury Department's Mentor-Protege Program, which pairs larger banks with smaller ones so they have a mentor they can get advice and support from to grow and thrive. The House first passed a similar version of Representative Beatty's bill by voice vote in 2020 and several more times since. However, this time we are debating this bill as President Trump attacks community lending by trying to wipe out the CDFI fund. I am so pleased Chairman Hill agreed to take up Representative Beatty's bill to continue our longstanding bipartisan tradition to support Minority Depository Institutions, or MDIs, alongside other community financial institutions like rural banks.”