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Banks Can Invest More Capital in Community Development Projects.

This Act raises the limit on investments that national banks and state member banks of the Federal Reserve System can make toward public welfare purposes. The maximum allocation increases from 15% to 20% of their capital and surplus. This change aims to unlock more private funding for local community initiatives, such as affordable housing and economic development in underserved areas.
Key points
The maximum percentage banks can invest in public welfare projects increases from 15% to 20%.
This change is intended to boost funding for community development, affordable housing, and support for local economies.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5913
Sponsor: Rep. Lawler, Michael [R-NY-17]
Process start date: 2025-11-04
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OFFICIAL LEGAL TITLE

Community Investment and Prosperity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5913.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-11-04.

What are the main provisions?

Key points include:

  • The maximum percentage banks can invest in public welfare projects increases from 15% to 20%.
  • This change is intended to boost funding for community development, affordable housing, and support for local economies.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Lawler, Michael [R-NY-17].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Economy Public Investments Real Estate