Community Investment and Prosperity Act

The Community Investment and Prosperity Act would raise the limit on how much a national banking association or a state member bank may invest to promote the public welfare. Specifically, it increases the cap from 15% to 20% of the bank’s paid-in and unimpaired capital (as defined by existing law). This change applies to both national banks overseen by the Office of the Comptroller of the Currency and member banks overseen by the Federal Reserve. The bill does not create new programs or funding; it simply allows banks to commit a larger portion of their capital to investments intended to benefit the public welfare, under current regulatory oversight.