119-s2464

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2464 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 2464

To allow the Comptroller of the Currency and the Board of Governors of 
 the Federal Reserve System to increase the aggregate amount of 
investments that a national banking association and a State member bank 
 may make to promote the public welfare, and for other purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 July 24, 2025

 Mr. Scott of South Carolina (for himself, Ms. Blunt Rochester, Mr. 
 Moreno, Mr. Kim, Mr. McCormick, Ms. Alsobrooks, Mr. Cramer, and Mr. 
 Warnock) introduced the following bill; which was read twice and 
 referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

 A BILL

To allow the Comptroller of the Currency and the Board of Governors of 
 the Federal Reserve System to increase the aggregate amount of 
investments that a national banking association and a State member bank 
 may make to promote the public welfare, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Community Investment and Prosperity 
Act''.

SEC. 2. INVESTMENTS TO PROMOTE THE PUBLIC WELFARE.

    (a) Revised Statutes.--The paragraph designated as the ``Eleventh'' 
of 

section 5136 of the Revised Statutes of the United States (12 U.S.C. 
24) is amended, in the fifth sentence, by striking ``15'' each place 
the term appears and inserting ``20''.

    (b) Federal Reserve Act.--The 23rd paragraph of 

section 9 of the 
Federal Reserve Act (12 U.S.C. 338a) is amended, in the fifth sentence, 
by striking ``15'' each place the term appears and inserting ``20''.
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