Congress·In Committee·S. 2464
Community Investment and Prosperity Act
Banking: Increasing Community Investment Limits
Part of: Bipartisan Push to Raise Bank Investment Caps for Community Projects
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Stalled
No legislative action in over 90 days.
↔Companion bill: House Bill Would Let Banks Boost Community Investment Caps From 15% to 20%Legislative Progress
Senate
Key Points
- This bill aims to help local neighborhoods by letting banks spend more on community projects. It changes the rules for national banks and state banks that belong to the Federal Reserve system.
- Currently, these banks can only use up to 15% of their extra money for "public welfare" investments. This bill would raise that limit to 20%, giving banks more room to fund local improvements like affordable housing.
- By increasing this limit, the bill hopes to encourage more private investment in areas that need it most. This could lead to more jobs and better services in low-income or rural communities across the country.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Jul 24, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Jul 24, 2025
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Community Investment and Prosperity Act
Bill NumberS 2464
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Data Sources
Sponsor
Cosponsors
(9)D: 4R: 5
Analysis generated by AI. Always verify with official sources.