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Public Banks Now

Public Banks Now

CPBA organizer David Jette writes about our journey, the future of the movement and the transition to a equitable and sustainable economy on the path paved by public banks. The California Senate has voted to enact AB 857, the Public Banking Act, which sets the standards and opens the door for municipal public banks throughout […]

Could California Approve Public Banking?

Could California Approve Public Banking?

Sonali Kolhatkar​ on Rising Up With Sonali talks with Trinity Tran with the California Public Banking Alliance on the Los Angeles Measure B initiative and the #AB857 campaign barreling its way through the California State Legislature. A local measure in Los Angeles, California, last year to establish a public banking system failed. But organizers did not give up and […]

Public Banking Bill Heads to Senate in Historic Victory for Economic Justice

Public Banking Bill Heads to Senate in Historic Victory for Economic Justice

California Public Banking Alliance Press Release, August 30, 2019. AB 857 advances to full Senate vote after week of big-name endorsements.  SACRAMENTO – Today the Public Banking Act (D-Chiu, D-Santiago) passed through its sixth and final committee, the California State Senate Appropriations Committee, in a historic victory for the public banking movement. The bill, AB 857, […]

Bernie Sanders Endorses Public Banking Act

Bernie Sanders Endorses Public Banking Act

California Public Banking Alliance Press Release, August 28, 2019. Democratic presidential candidate Sen. Bernie Sanders announced his support for California’s Public Banking Act (AB 857) this morning, sharing a Twitter post from the California Public Banking Alliance just days ahead of the bill’s final Senate committee vote. “It makes a lot more sense to me for cities […]

California Cities and Counties Unite for Public Banking

California Cities and Counties Unite for Public Banking

California Public Banking Alliance, Medium. Cities and counties across California are stepping onto the public banking bandwagon! From San Diego to Eureka, 17 cities and counties have passed resolutions endorsing Assembly Bill 857, joining with the California Public Banking Alliance in pushing for state legislation to create a state sanctioned charter for public banks. City […]

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 endorsements by the California Democratic Party, 550 delegates of the California Democratic […]

Author Ellen Brown discusses how public banking can create shared prosperity

Author Ellen Brown discusses how public banking can create shared prosperity

By Robert Raymond, Shareable. Ellen Brown discusses the public banking solution, with a nod to the California Public Banking Alliance and our grassroots movement working to radically transform the banking system in the U.S. Since the 2008 financial collapse, people across the country have been exploring new ways of democratizing the economy. How could the disaster inflicted by […]

100 Years Ago, Farmers and Socialists Established the Country’s First Modern Public Bank

100 Years Ago, Farmers and Socialists Established the Country’s First Modern Public Bank

In These Times authors Thomas M. Hanna and Adam Simpson gives the California Public Banking Alliance a nod! “Whatever the bill’s ultimate fate, the campaign that the California Public Banking Alliance has put together is truly remarkable. More than 100 organizations representing 3.3 million Californians have endorsed the bill. These include labor unions (such as the […]

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 would have created the country’s first city-led public banking institution—failed last year in Los Angeles. […]

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