# 119-s-2464: Community Investment and Prosperity Act

119-s-2464, Community Investment and Prosperity Act, is a 119th Congress bill sponsored by Sen. Scott, Tim [R-SC] (R-SC); status introduced; PRIA reads it as touching household money (as of 2026-09-10).

- Canonical: https://policyrisk.com/legislation/119-s-2464
- As of: 2026-09-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2464
- Congress: 119
- Title: Community Investment and Prosperity Act
- Status: introduced
- Introduced: 2025-07-24
- Sponsor: Sen. Scott, Tim [R-SC] (R-SC)
- Cosponsors: 9
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-10

## 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. - 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.

## Cosponsors (9)

- Sen. Blunt Rochester, Lisa [D-DE] (D-DE), 2025-07-24T00:00:00.000Z
- Sen. Moreno, Bernie [R-OH] (R-OH), 2025-07-24T00:00:00.000Z
- Sen. Kim, Andy [D-NJ] (D-NJ), 2025-07-24T00:00:00.000Z
- Sen. McCormick, David [R-PA] (R-PA), 2025-07-24T00:00:00.000Z
- Sen. Alsobrooks, Angela D. [D-MD] (D-MD), 2025-07-24T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2025-07-24T00:00:00.000Z
- Sen. Warnock, Raphael G. [D-GA] (D-GA), 2025-07-24T00:00:00.000Z
- Sen. Cassidy, Bill [R-LA] (R-LA), 2026-02-26T00:00:00.000Z
- Sen. Husted, Jon [R-OH] (R-OH), 2026-02-26T00:00:00.000Z

## Provisions PRIA read

- Higher bank community investment cap: benefit, medium. 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 Syste…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.
- 119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for the State of California.

## Sources
- [119-s-2464 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2464)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for…](https://policyrisk.com/legislation/119-sres-739)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2464 (as of 2026-09-10).