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.
Zoe Sullivan at Next City wrote an excellent article featuring our own Sylvia Chi and Paul Pryde, along with Councilmember Rebecca Kaplan, Cathy Jackson-Gent of Global Investment Company (authors of the feasibility study), and YaVette Holts of Bay Area Organization of Black-Owned Businesses. Sullivan has a great grasp on what matters to us. Here’s YaVette … Read moreIn the News
Looks great to us! And yes, that’s our own Sylvia Chi on the panel.
In November, voters in Los Angeles have the opportunity to clear a path for a Los Angeles public bank, by voting YES on Charter Amendment B. Phoenix Goodman, one of the founders of the California Public Banking Alliance, wrote a fine article on why this matters. Phoenix gives four strong reasons, each of which is … Read morePublic Banking Ballot Measure in Los Angeles
On Wednesday, April 25, Public Bank SF organized an action to coincide with the Bank of America’s shareholder meeting in San Francisco. We gathered at a Bank of America branch near San Francisco City Hall. The banker/cowards, as they always do, locked the bank an hour before the scheduled start time–because divestment and public bank … Read moreSuccessful San Francisco Action