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119-s-2464119th CongressWALLET

Community Investment and Prosperity Act

Sponsored By: Senator 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.

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  • 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.

Sponsors & CoSponsors

Sponsor

Scott, Tim [R-SC]

SC • R

Cosponsors

  • Sen. Blunt Rochester, Lisa [D-DE]

    DE • D

    Sponsored 7/24/2025

  • Sen. Moreno, Bernie [R-OH]

    OH • R

    Sponsored 7/24/2025

  • Sen. Kim, Andy [D-NJ]

    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

  • Sen. Cramer, Kevin [R-ND]

    ND • R

    Sponsored 7/24/2025

  • Sen. Warnock, Raphael G. [D-GA]

    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.

View on Congress.gov
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