Congress·In Committee·S. 2464

Banking: Increasing Community Investment Limits

Community Investment and Prosperity Act

⏸

Stalled

No legislative action in over 90 days.

Legislative Progress

Senate

House

President

Law

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.

2 milestones2 actions

Jul 24, 2025Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jul 24, 2025

Introduced in Senate

1 bill

Community Investment and Prosperity Act

Nov 4 — Referred to the House Committee on Financial Services.

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.

(9)

D: 4R: 5

Congress.gov

Official legislative information

Analysis generated by AI. Always verify with official sources.