Senator Tim Scott introduces the Community Investment and Prosperity Act to boost private investment in low-income housing.
Quiver AI Summary
U.S. Senator Tim Scott is spearheading the Community Investment and Prosperity Act aimed at enhancing private investment in affordable housing and community developments. The act proposes to increase the investment cap for banks in community projects from 15% to 20%, potentially generating billions in funding for housing and economic initiatives.
Scott stated, "Outdated laws are restricting financial institutions from engaging in these important activities," emphasizing the need for legislative revisions to support housing supply and financial inclusion. Support for the initiative comes from various banking and housing organizations.
The proposed changes, the first since 2006, aim to empower banks to invest more significantly in local developments, addressing essential economic needs within communities across the nation.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Tim Scott Net Worth
Quiver Quantitative estimates that Tim Scott is worth $804.2K, as of July 29th, 2025. This is the 312th highest net worth in Congress, per our live estimates.
Scott has approximately $45.7K invested in publicly traded assets which Quiver is able to track live.
You can track Tim Scott's net worth on Quiver Quantitative's politician page for Scott.
Tim Scott Bill Proposals
Here are some bills which have recently been proposed by Tim Scott:
- S.2464: A bill to allow the Comptroller of the Currency and the Board of Governors of the Federal Reserve System to increase the aggregate amount of investments that a national banking association and a State member bank may make to promote the public welfare, and for other purposes.
- S.2419: A bill to amend the Consumer Financial Protection Act of 2010 to clarify the authority of the Bureau of Consumer Financial Protection with respect to persons regulated by a State insurance regulator, and for other purposes.
- S.2358: A bill to amend the Internal Revenue Code of 1986 to modify the procedural rules for penalties.
- S.2301: A bill to reauthorize certain programs regarding rural health care.
- S.2237: Hospital Inpatient Services Modernization Act
- S.2228: Modern Worker Empowerment Act
You can track bills proposed by Tim Scott on Quiver Quantitative's politician page for Scott.
Tim Scott Fundraising
Tim Scott recently disclosed $674.9K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 94th most from all Q2 reports we have seen this year. 98.0% came from individual donors.
Scott disclosed $868.5K of spending. This was the 33rd most from all Q2 reports we have seen from politicians so far this year.
Scott disclosed $5.1M of cash on hand at the end of the filing period. This was the 47th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Tim Scott's fundraising on Quiver Quantitative.
