S. 2464

Summary

S. 2464, the Community Investment and Prosperity Act, was introduced in the Senate on Jul 24, 2025 by Sen. Tim Scott (R) with 9 co-sponsors. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Jul 24, 2025: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

S. 2464 has 9 co-sponsors.

119 S2464 IS: Community Investment and Prosperity Act
 U.S. Senate
 2025-07-24
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
  II
  119th CONGRESS
  1st Session
  S. 2464
  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.
1.
Short title
This Act may be cited as the   Community Investment and Prosperity Act  .
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 .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

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.

Sponsors

Sen. Tim Scott (R) sponsors S. 2464, and 9 members have co-sponsored it, 7 of them from the day it was introduced.

Tim Scott

Sen. · R–SC · Sponsor

Introduced Jul 24, 2025

Angela Alsobrooks

Sen. · D–MD · Co-sponsor

Joined Jul 24, 2025 · Original

Lisa Rochester

Sen. · D–DE · Co-sponsor

Joined Jul 24, 2025 · Original

Kevin Cramer

Sen. · R–ND · Co-sponsor

Joined Jul 24, 2025 · Original

Andy Kim

Sen. · D–NJ · Co-sponsor

Joined Jul 24, 2025 · Original

David McCormick

Sen. · R–PA · Co-sponsor

Joined Jul 24, 2025 · Original

Bernie Moreno

Sen. · R–OH · Co-sponsor

Joined Jul 24, 2025 · Original

Raphael Warnock

Sen. · D–GA · Co-sponsor

Joined Jul 24, 2025 · Original

Bill Cassidy

Sen. · R–LA · Co-sponsor

Joined Feb 26, 2026

Jon Husted

Sen. · R–OH · Co-sponsor

Joined Feb 26, 2026

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Committees

S. 2464 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs

Banking, Housing, and Urban Affairs

Referred To · Jul 24, 2025 · 465 Bills

Actions

S. 2464 has taken 2 actions since Jul 24, 2025.

Votes

S. 2464 has not gone to a roll call.

Related bills

1 bill is related to S. 2464, as Identical bill.

HR 5913Community Investment and Prosperity ActNov 4, 2025 · Referred to the House Committee on Financial Services. · Identical bill

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Titles

S. 2464 goes by 3 titles, 1 of them short titles.

• Community Investment and Prosperity Act — Display Title
• Community Investment and Prosperity Act — Short Title(s) as Introduced
• 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. — Official Title as Introduced

Lobbying

9 clients hired 10 firms and 28 registered lobbyists who named S. 2464 in 30 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Housing, Taxation/Internal Revenue Code, Budget/Appropriations, Financial Institutions/Investments/Securities, Banking, Health Issues, Clean Air and Water (quality), Copyright/Patent/Trademark.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 28.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files S. 2464 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 2464’s is Finance and Financial Sector.

Source: congress.gov · legiscan.com