Community Investment and Prosperity Act

This bill changes federal banking law on how much national banks and state banks that are members of the Federal Reserve may invest to promote the public welfare. It replaces the number 15 with 20 in the part of the law that sets the upper limit regulators may allow for these investments, measured as a percent of a bank's capital and surplus. The change applies to the Comptroller of the Currency for national banks and to the Federal Reserve Board for state member banks.

Full text and official record on Congress.gov

Sponsors

• Michael Lawler Republican sponsor
• 8 cosponsors