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