H.R. 5315 would establish a Mentor-Protégé Program within the Department of the Treasury to encourage collaboration between large and small financial institutions that are federally regulated.
Using information from the department, CBO expects that most of the provisions of the legislation would build on the current policies and practices of the federal government, which operates similar programs. Some of those outreach programs are run on an ad hoc basis. CBO expects that the department would incur costs to coordinate a systematic effort to establish a permanent office for those purposes. Based on the cost of similar activities, CBO estimates that implementing H.R. 5315 would cost about $3 million over the 2020-2024 period, primarily for the cost of about four employees to run the program; any spending would be subject to the availability of appropriated fund.