Community Investment and Prosperity Act
Sponsored By: Senator Sen. Scott, Tim [R-SC]
Introduced
Summary
Raises the cap on banks' investments for public-welfare activities from 15 to 20. This change targets how much national banks and Federal Reserve System member banks may hold in investments meant to promote the public welfare.
Show full summary
- National banks: National banking associations would be allowed to increase the aggregate amount they hold for public-welfare investments by moving the statutory cap from 15 to 20.
- State member banks: Banks that are members of the Federal Reserve System would see the same cap increase under the Federal Reserve Act, matching the national bank change.
- Communities and public-welfare projects: By raising the cap, the bill could free space for more private bank investment in community development and other public-welfare activities, but it does not create new federal programs or funding streams.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Higher bank community investment cap
If enacted, this bill would raise a numeric limit banks use for public-welfare investments. It would change two specific sentences in federal banking law to replace the number "15" with "20." The change would apply to national banking associations and State member banks of the Federal Reserve System. It would not provide new money or add eligibility rules. It would take effect upon enactment.
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Sponsors & CoSponsors
Sponsor
Sen. Scott, Tim [R-SC]
SC • R
Cosponsors
Rep. Blunt Rochester, Lisa [D-DE-At Large]
DE • D
Sponsored 7/24/2025
Sen. Moreno, Bernie [R-OH]
OH • R
Sponsored 7/24/2025
Andy Kim
NJ • D
Sponsored 7/24/2025
Sen. McCormick, David [R-PA]
PA • R
Sponsored 7/24/2025
Sen. Alsobrooks, Angela D. [D-MD]
MD • D
Sponsored 7/24/2025
Kevin Cramer
ND • R
Sponsored 7/24/2025
Raphael Warnock
GA • D
Sponsored 7/24/2025
Sen. Cassidy, Bill [R-LA]
LA • R
Sponsored 2/26/2026
Sen. Husted, Jon [R-OH]
OH • R
Sponsored 2/26/2026
Roll Call Votes
No roll call votes available for this bill.
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