Community Investment and Prosperity Act allows national banks to increase investments in public welfare.
The Community Investment and Prosperity Act modifies the Revised Statutes and the Federal Reserve Act to increase the limit on investments that national banking associations and State member banks can make to promote public welfare from 15% to 20% of their capital and surplus. This change aims to enhance community investment opportunities and economic prosperity.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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