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H.R. 5913119th CongressIn committeeLatest action Nov 4, 2025Decoded by AI · checked against the record
Official title: Community Investment and Prosperity Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 5913 raises the cap on bank public welfare investments from 15% to 20% of capital and surplus, giving regulators broader approval authority.
50-second read · 4 questions answered below
HR 5913 raises the maximum share of capital and surplus that national banks and certain state banks may invest in public welfare projects from 15% to 20%. This applies to investments in areas such as affordable housing, community development, and economic programs in low-income areas. The bill does not require banks to invest more — it only raises the permitted ceiling.
National banks, state member banks, and the communities where public welfare investments are directed — often lower-income neighborhoods — are most directly affected. The Comptroller of the Currency and the Federal Reserve would also gain broader authority to approve larger investments in this category.
Raising the cap gives banking regulators more flexibility to approve higher levels of community-focused investment than current law allows. Communities in low-income areas could see larger or more frequent investments in things like affordable housing and small business lending programs, depending on whether individual banks choose to invest more.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Financial Services.