HR5913119th CongressWALLET

Community Investment and Prosperity Act

Sponsored By: Representative Lawler, Michael [R-NY-17]

Introduced

Summary

This bill would raise the statutory cap on public-welfare investments by national banking associations and State member banks from 15 to 20. It increases how much those banks may invest to promote the public welfare under two statutes.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Banks allowed higher community investments

If enacted, this bill would raise the numeric cap used to measure banks' allowed public-welfare investments from 15 to 20. The change would apply to one sentence in 12 U.S.C. 24 and one sentence in 12 U.S.C. 338a. National and State member banks could count or make more public-welfare investments. This could enable more community or affordable-housing investments where banks choose to deploy funds. The bill does not create new funding, reporting, or programs.

Sponsors & CoSponsors

Sponsor

Lawler, Michael [R-NY-17]

NY • R

Cosponsors

  • Rep. Beatty, Joyce [D-OH-3]

    OH • D

    Sponsored 11/4/2025

  • Rep. Kim, Young [R-CA-40]

    CA • R

    Sponsored 11/4/2025

  • Rep. Vindman, Eugene Simon [D-VA-7]

    VA • D

    Sponsored 12/9/2025

  • McBride

    DE • D

    Sponsored 12/9/2025

  • Rep. Davids, Sharice [D-KS-3]

    KS • D

    Sponsored 12/9/2025

  • Davidson

    OH • R

    Sponsored 12/17/2025

  • Rep. Gottheimer, Josh [D-NJ-5]

    NJ • D

    Sponsored 1/16/2026

  • Rep. Bera, Ami [D-CA-6]

    CA • D

    Sponsored 3/17/2026

Roll Call Votes

No roll call votes available for this bill.

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