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The Push for Public Banks

The Push for Public Banks

Today on Flashpoints: The push for a public bank in California. Trinity Tran and Sushil Jacob with the California Public Banking Alliance talks to KPFA’s Dennis J. Bernstein about the groundbreaking California State Assembly Bill AB 857, the growing public banking movement and why this is a pivotal moment for Californians. Interview starts at 21 […]

California cities could open their own banks under bill backed by Democratic lawmakers

California cities could open their own banks under bill backed by Democratic lawmakers

Two California Democratic lawmakers have introduced a bill that would develop a state-owned banking system, modeling it on a program run by one of the smallest states in the union. California Assemblymen Miguel Santiago, D-Los Angeles, and David Chiu, D-San Francisco, have introduced Assembly Bill 857, which would enable local governments to charter their own […]

State legislation could help pave the way for a public bank

State legislation could help pave the way for a public bank

Legislation introduced Monday could lay down the foundations for the creation of public banks in California and provide an alternative to San Francisco’s use of profit-driven commercial banks. Currently there are no public banks in California, and no legal avenues to create one. But Assemblymembers David Chiu, D-San Francisco, and Miguel Santiago, D-Los Angeles, hope […]

California Public Banking Alliance Press Release: Santiago and Chiu Introduce AB 857 to Pave Way for Public Banks

California Public Banking Alliance Press Release: Santiago and Chiu Introduce AB 857 to Pave Way for Public Banks

FOR IMMEDIATE RELEASE Los Angeles, CA/San Francisco, March 11, 2019 – Asm. Miguel Santiago (D-Los Angeles) and Asm. David Chiu (D-San Francisco) held press conferences in their respective districts on Monday to introduce a new bill that will make it easier to establish regional and municipal public banks throughout the state of California. The California […]

This is how to pay for the Green New Deal.

This is how to pay for the Green New Deal.

Originally posted in Medium. 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 to her office as part of an action coordinated with Sunrise Movement Bay Area, a […]

The Time Is Right for S.F. to Get a Public Bank

The Time Is Right for S.F. to Get a Public Bank

The Board of Supervisors urged the state to create a public banking charter on Tuesday, its first formal show of support for a movement to break from Wall Street. Supervisors unanimously co-sponsored and approved a resolution that backs publicly-owned bank and called for state legislators to allow local jurisdictions like San Francisco to proceed. Supervisor […]

California Public Banking Alliance at the State Assembly Joint Public Banking Hearing

California Public Banking Alliance at the State Assembly Joint Public Banking Hearing

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 […]

Response to California Cannabis Public Bank Feasibility Study

Response to California Cannabis Public Bank Feasibility Study

Response to California Cannabis Public Bank Feasibility Study California Public Banking Alliance info@calpba.org January 15, 2019 VIA EMAIL AND U.S. MAIL State Treasurer Fiona Ma, CPA 915 Capitol Mall, Suite 110 Sacramento, CA 95814 Dear Treasurer Ma, We write in response to the publication of “State-backed Financial Institution (Public Bank) for the State of California […]

This Fall, Measure B was Defeated. But Public Banking is on the Rise.

This Fall, Measure B was Defeated. But Public Banking is on the Rise.

On November 6, responsible and sustainable economics was on the ballot in Los Angeles in the form of Measure B. Measure B was arguably one of the most important midterm ballot items in the country. For the first time in ninety-nine years, voters had the opportunity to approve by referendum a measure in support of […]