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S. 2464Senate119th Congress (2025-2027)In Committee

Community Investment and Prosperity Act

Sponsored by Tim ScottSen. Tim Scott (R-SC)
Introduced July 24, 2025

AI-Generated Summary

Updated November 23, 2025 at 11:11 PM UTC

The Community Investment and Prosperity Act lets the main banking regulators increase how much money banks can invest in projects that serve the public good. It changes existing law to raise the investment ceiling from 15 % to 20 % of a bank’s assets, giving banks more flexibility to fund community‑benefiting activities.

Key Provisions

  • Amends the Revised Statutes (section 5136) and the Federal Reserve Act (section 9) to raise the cap on the total amount of investments that national banks and state member banks can make for public‑welfare purposes from 15 % to 20 % of their assets.
  • Authorizes the Comptroller of the Currency and the Federal Reserve Board to implement the higher investment limit.

Legislative Activity

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SenateIntro Referral Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

July 24, 2025

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SenateIntro Referral

Introduced in Senate

July 24, 2025

SenateIntro Referral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

July 24, 2025

Bill Text

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Introduced in SenateIssued July 24, 2025

II

119th CONGRESS

1st Session

S. 2464

IN THE SENATE OF THE UNITED STATES

July 24, 2025

Mr. Scott of South Carolina (for himself, Ms. Blunt Rochester, Mr. Moreno, Mr. Kim, Mr. McCormick, Ms. Alsobrooks, Mr. Cramer, and Mr. Warnock) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To allow the Comptroller of the Currency and the Board of Governors of the Federal Reserve System to increase the aggregate amount of investments that a national banking association and a State member bank may make to promote the public welfare, and for other purposes.

1.

Short title

This Act may be cited as the Community Investment and Prosperity Act.

2.

Investments to promote the public welfare

(a)

Revised Statutes

The paragraph designated as the Eleventh of section 5136 of the Revised Statutes of the United States (12 U.S.C. 24) is amended, in the fifth sentence, by striking 15 each place the term appears and inserting 20.

(b)

Federal Reserve Act

The 23rd paragraph of section 9 of the Federal Reserve Act (12 U.S.C. 338a) is amended, in the fifth sentence, by striking 15 each place the term appears and inserting 20.