S. 2464
119th CONGRESS 1st Session
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 · Sponsor: Mr. Scott of South Carolina · Committee: Committee on Banking, Housing, and Urban Affairs
Table of contents
SEC. 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 of section 5136 of the Revised Statutes of the United States () is amended, in the fifth sentence, by striking each place the term appears and inserting . 12 U.S.C. 24
- Revised Statutes
- (b) Federal Reserve Act
- The 23rd paragraph of section 9 of the Federal Reserve Act () is amended, in the fifth sentence, by striking each place the term appears and inserting . 12 U.S.C. 338a