CONGRESS FOR VOTERS

Michael Lawler (R-NY)

Community Investment and Prosperity Act

H.R. 5913 · House bill Finance and Financial Sector

A Republican bill with 6 Democratic cosponsors · See all 8 cosponsors

Last activity — Referred to the House Committee on Financial Services.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is titled the "Community Investment and Prosperity Act." It aims to allow the Comptroller of the Currency and the Board of Governors of the Federal Reserve System to increase certain investment limits. Specifically, it seeks to change the aggregate amount of investments that a national banking association and a State member bank may make to promote public welfare. The bill achieves this by amending the Revised Statutes of the United States and the Federal Reserve Act.

Yes· 3 of 14

  • Scored +2

    Would households on low incomes be better off under this?

    Higher limits for public welfare investments can expand the reach of social support programs.

  • Scored +2

    Would Black Americans be better off under this?

    Public welfare investments are often utilized for community programs that support minority populations.

  • Scored +2

    Would Hispanic Americans be better off under this?

    Increased investment limits can support community development programs benefiting Hispanic communities.

The opposite

No question was scored the opposite.