On July 3, just before the long weekend, AB857 passed through the California State Senate Governance & Finance Committee, having passed the Banking & Finance Committee two weeks earlier. The remaining steps for the bill are the Senate Appropriations Committee (in August, after the senators take their vacation), the Senate floor vote, and the governor’s … Read moreProgress on AB857, Public Bank Enabling Legislation! Plus Great Media Attention
More organizations are signing on every day. Have an organization that might want to support? Email the California Public Banking Alliance or contact us. If your organization has questions, we’d love to answer them.
One thing public banking activists can say: we have the best writers and thinkers supporting us Here’s Ellen Brown, one of the key foremothers of the public banking movement, saying “The Public Banking Revolution Is Upon Us.” Most of her article is about SB 528, a bill to transform California’s state “infrastructure bank” into a … Read moreNew Public Banking Articles from Ellen Brown and Nomi Prins
On April 7, about 20 members of the California Public Banking Alliance met in Sacramento to prepare for an intensive lobby day on April 8. The group discussed the history and current situation with our statewide bill, AB 857, which is enabling legislation for cities, counties, and regions of California to form public banks. The … Read moreCalifornia Public Banking Alliance Takes Sacramento by Storm
The California Legislature has posted the text of AB 857, the bill that will make it feasible for public banks to be chartered in California. You can also read the bill, the digest, and Assembly Member David Chiu’s fact sheet for the bill right here We’ll let you know when the legislature catches up.
by Sylvia Chi, of Public Bank East Bay and the California Public Banking Alliance Dianne Feinstein, our Senator, had a viral moment on Friday, February 22, when a video circulated online of her lecturing Bay Area children about why she does not support the Green New Deal. The children were her constituents, on a visit … Read morePublic Banking, Senator Feinstein, and the Green New Deal
Bill would allow cities to apply to establish public banks, prioritizing local community needs over Wall Street profits We are extremely excited to announce Assembly Bill 857. (Don’t search on the bill number yet; the legislative staff hasn’t updated the records.) We were at the well-attended press conference, along with several other Bay Area progressive … Read moreCalifornia Assemblymembers Chiu and Santiago Introduce Public Banking Legislation
The Native American Health Center and Urban Native Era are bringing together Indigenous Bay Area artists, designers, and entrepreneurs, for a monthly Indigenous Red Market in Oakland. We were delighted to table there last week, where we had many good conversations with people who came in knowing nothing about public banking … and left knowing … Read morePublic Bank East Bay Tabling at the Indigenous Red Market
On Monday, February 4, ten activists from the California Public Banking Alliance went to Sacramento to attend a hearing on public banking, convened by Assembly Member Monique Limón (chair of the Assembly Banking and Finance Committee) and Assembly Member Cecelia Aguiar Curry (chair of the Assembly Local Government Committee). Before the hearing, we had several … Read moreSacramento Lobbying, San Francisco Support
Our friends at the California Public Banking Alliance (some of whom are not just our friends, but us) are working to get enabling legislation for California public banks introduced and passed in the California state legislature. You can help by signing our change.org petition here.