Lets banks invest more in local communities for public welfare projects.
The Community Investment and Prosperity Act would allow national banks and state member banks to put more money into projects that help communities. Currently, these banks can invest up to 15 percent of their capital in such projects. This bill would allow federal regulators to increase that limit to 20 percent, potentially bringing more funds to local areas.
Today, national banks and state member banks can invest up to 15 percent of their capital and surplus in projects that benefit the public. If this bill becomes law, federal regulators would be allowed to increase that maximum investment limit to 20 percent. This means banks could potentially put an additional 5 percent of their capital into community development and public welfare initiatives.
S 2464 · 119th Congress · July 24, 2025 · AI Summary by gemini-2.5-flash · 10/10
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18 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.