TLAIB, OCASIO-CORTEZ INTRODUCE LEGISLATION ENABLING CREATION OF PUBLIC BANKS

Congresswomen Rashida Tlaib (MI-13) and Alexandria Ocasio-Cortez (NY-14) introduced the historic Public Banking Act, which allows for the creation of state and locally administered public banks by establishing the Public Bank Grant program administered by the Secretary of the Treasury and the Federal Reserve Board which would provide grants for the formation, chartering, and capitalization of public banks.

David Jette of Public Bank LA and CPBA states in the press release, “We cannot face the crises of our day with the financial infrastructure that led us to those same crises. We need accountable, publicly chartered banks that invest in the well-being of the many, not the few. This bill gets us there, and not a moment too soon.”

Read Congresswomen Tlaib’s press release on the Public Banking Act: https://tlaib.house.gov/tlaib-aoc-public-banking-act

Share this article

Related Posts

431328128_428423383033537_2108947606589234025_n
CALACCOUNT LA TOWN HALL FEATURED IN LA OPINIÓN
429555069_18305343778177988_5794208233269526058_n
CALACCOUNT LOS ANGELES TOWN HALL
PBLA980
PUBLIC BANKING MOVEMENT GAINS MOMENTUM IN CALIFORNIA
Screen Shot 2024-01-17 at 2.33
A BANKER'S CASE FOR PUBLIC BANKING

Leave a Reply

RECENT POST

431328128_428423383033537_2108947606589234025_n
CALACCOUNT LA TOWN HALL FEATURED IN LA OPINIÓN
429555069_18305343778177988_5794208233269526058_n
CALACCOUNT LOS ANGELES TOWN HALL
PBLA980
PUBLIC BANKING MOVEMENT GAINS MOMENTUM IN CALIFORNIA
Screen Shot 2024-01-17 at 2.33
A BANKER'S CASE FOR PUBLIC BANKING
Screen Shot 2023-12-18 at 11.20
TLAIB, OCASIO-CORTEZ INTRODUCE PUBLIC BANKING ACT