Millions of California Democrats Back Public Banking

Millions of California Democrats Back Public Banking

California Public Banking Alliance, Medium. This week, Alameda County Democratic Party, San Mateo County Democratic Party and Sonoma County Democratic Party added their names to the long list of Democratic governing bodies endorsing Assembly Bill 857, the Public Banking Act. This follows past...

Has the Time Come for Banks Run By Cities and Voters?

Has the Time Come for Banks Run By Cities and Voters?

CityLab talks to Sushil Jacob, Julian LaRosa and David Jette on how the Public Banking Act can create a democratically-run financial institution that can address the needs of our local communities. “We planted a seed,” tweeted Public Banks L.A., the day the organization’s ballot measure—which...

Public Banking Act passes state Senate test

Public Banking Act passes state Senate test

Beverly Press. The Public Banking Act, AB 857, passed its first hurdle in the California Senate on June 19. The measure passed through the Senate Banking Committee and now heads to the Senate Governance and Finance Committee. Assemblyman Miguel Santiago (D-Los Angeles) said AB 857 has the broad...

In Us We Trust

In Us We Trust

By Tom Gogola, Pacific Sun. There’s an effort afoot in Sacramento for public banking that’s putting the focus on how localities manage their investment portfolios. A bill that’s currently parked in a Senate committee chaired by North Bay legislator Mike McGuire would, for the first time, allow...

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