H.R. 5913 — Community Investment and Prosperity Act

This section increases the aggregate limit on public welfare investments for (1) national banks to 20% of capital and surplus (from 15%) under the eleventh paragraph of 12 U.S.C. 24(7), and (2) state member banks to 20% of capital and surplus (from 15%) under 12 U.S.C. 338a. (As background, these provisions authorize investments in assets such as low- or moderate-income housing projects, small business investment companies, and community development corporations to promote public welfare.)