{"database": "press", "table": "releases", "rows": [["https://beatty.house.gov/media-center/press-releases/beatty-joins-bipartisan-push-to-boost-affordable-housing-and-community-investment", "Beatty Joins Bipartisan Push to  Boost Affordable Housing and Community Investment", "2025-11-13", "2025", "2025-11", "Democrat", "House", "OH", "Joyce Beatty", "B001281", "beatty.house.gov", "beatty", "https://beatty.house.gov/media-center/press-releases", "scraper", "Last week, Congresswoman Joyce Beatty (OH-03) joined Reps. Mike Lawler (NY-17) and Young Kim (CA-40) in introducing the Community Investment and Prosperity Act, a bipartisan bill to expand banks\u2019 ability to make community investments that promote public welfare and local economic development.\n\nUnder current law, national banks and state member banks can invest up to 15% of their capital and surplus in projects that benefit the public good, such as affordable housing, small business lending, and community revitalization. The Community Investment and Prosperity Act would increase that cap to 20%, empowering banks to direct more private capital into projects that strengthen local economies and create opportunities for families and small businesses.\n\n\u201cFamilies across America are facing a housing crisis that demands creative, bipartisan solutions,\u201d said Congresswoman Beatty. \u201cThis commonsense legislation will free up capital for historic investments in affordable housing, small businesses, and community development, delivering results for hardworking families.\u201d\n\n\u201cCommunity investment is essential to revitalizing neighborhoods, expanding affordable housing, and supporting small businesses. By giving banks the flexibility to responsibly invest more in the communities they serve, this bill helps drive economic growth and improves quality of life, particularly in areas that need it most,\u201d said Congressman Lawler.\n\n\u201cWhen we give our banks the tools they need to invest in our communities, Main Street wins,\u201d said Congresswoman Kim. \u201cThe Community Investment and Prosperity Act will help banks invest more in affordable housing and community development projects that create jobs and opportunity. I\u2019m proud to join Rep. Lawler is leading this commonsense effort to strengthen our neighborhoods, empower community partners, and make the dream of homeownership more attainable for hardworking families.\u201d\n\n\u201cWe appreciate the leadership of Congressman Lawler, Congresswoman Beatty, and Congresswoman Kim that will expand needed investments in affordable housing and community development projects,\u201d said Robert Likes, President, KeyBank Community Development Lending and Investment, Affordable Housing. \u201cWe are strong supporters of this bipartisan effort that will help neighborhoods across America grow and thrive, and make housing more affordable.\u201d\n\n\u201cWe thank Rep. Lawler and Rep. Beatty for their work introducing legislation that would increase the discretionary Public Welfare Investments cap from 15 to 20 percent. This commonsense solution would allow banks nearing the cap to increase their investments in projects that support low- and moderate-income communities, including affordable housing, dependent on approval from their primary regulator that preserves existing safeguards in the system,\u201d said Erik Rust, SVP and Head of Government Affairs, Bank Policy Institute.\n\n\u201cBanks are vital partners in building affordable housing and optimizing the Low-Income Housing Tax Credit and New Markets Tax Credit\u2019s impact on communities through equity investments. Raising the amount of public welfare investments that banks regulated by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve can make will mean more potential for investments in affordable housing and economic development,\u201d said Sarah Brundage, President and CEO of the National Association of Affordable Housing Lenders. \u201cWe applaud Congressmembers Lawler and Kim for introducing this commonsense, no cost proposal and we strongly urge Congress to enact it immediately as part of a bipartisan housing package.\u201d\n\nThis legislation was introduced as companion legislation to a bipartisan bill led by Senators Tim Scott (R-SC) and Lisa Blunt Rochester (D-DE), which was included in S. 2651, the ROAD to Housing Act, and has been endorsed by the American Banking Association, the Bank Policy Institute, KeyBank, the Affordable Housing Tax Credit Coalition, and the National Association of Affordable Housing Lenders.", 1, "2026-03-30T01:40:41Z", "2026-04-06T19:52:45Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://beatty.house.gov/media-center/press-releases/beatty-joins-bipartisan-push-to-boost-affordable-housing-and-community-investment"], "units": {}, "query_ms": 2.465789904817939, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}