AB 857 Heads to Floor Vote; Bernie Endorses!

Senate floor, Assembly floor to approve amendments, Governor Newsom’s signature. We’ve cleared seven hurdles (three Assembly committees, Assembly floor vote, three Senate committees). The finish line is in sight. Dozens of us were in Sacramento on Monday, lobbying for AB857–enough advocates to impress our bill’s co-authors. Aside from many meetings with legislators, we also had … Read moreAB 857 Heads to Floor Vote; Bernie Endorses!

Progress on AB857, Public Bank Enabling Legislation! Plus Great Media Attention

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

New Public Banking Articles from Ellen Brown and Nomi Prins

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

California Public Banking Alliance Takes Sacramento by Storm

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

Public Banking, Senator Feinstein, and the Green New Deal

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