Community Investment and Prosperity Act
S. 2464119th Congress

Community Investment and Prosperity Act

Introduced in the SenateSen. Tim Scott (R-SC)3 sections · 1 min read
Version: Introduced in Senate · Jul 24, 2025

Section 1. Short title

This Act may be cited as the Community Investment and Prosperity Act.

(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.

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