Electeds & activists are working together in CA cities to democratize local economies & return profits back to communities to fund public projects such as social housing,green initiatives & community enterprises. Join us to learn more about public banking! https://t.co/jra4v9WuBQ
CA cities surge forward on public banks! Join us on March 30th for an exciting town hall on the nuts & bolts of opening public banks. Featuring Eric Hardmeyer from the nation's 100-year-old public bank and a powerful lineup of CA elected officials.
RSVP: https://t.co/VNJKHt8Abj
A HUGE VICTORY for the people! Governor Newsom signed #AB1177 into law. Banking is a public good and must be accessible to all at no cost—with the CA Public Banking Option Act, we're making this legally binding.
BREAKING! Governor Newsom @CAgovernor signs #AB1177, the first bill in the nation guaranteeing universal basic banking access.
Upon implementation, AB 1177 the CA Public Banking Option Act will extend free banking services to all Californians.
HISTORIC! Today Governor @GavinNewsom signed #AB1177, the California Public Banking Option Act, which sets into motion the creation of the CalAccount program guaranteeing basic banking services to all Californians without fees or penalties.
Just now, @LADemocrats voted 94-1 to support the next steps for @publicbankla and the formation of a business plan following the guidelines of the #AB857 law we passed. From local public banks to #AB1177 at the state level, to the federal bill—the movement is going next-level.
#AB1177 PASSES California Senate! The CA Public Banking Act will provide free financial services for unbanked & underbanked Californians. The bill now heads in to its FINAL hurdle, a concurrence Assembly floor vote this week, before landing on Governor Newsom's desk. LET'S GO CA!
Universal access to essential financial services is one step closer to becoming law. Today the Senate Appropriations Committee passed #AB1177, which would guarantee all Californians access to basic banking services without fees or penalties. I’m proud to be a Joint Author!
The California Public Banking Option Act is closer to becoming law!
Today the Senate Appropriations Committee passed #AB1177, which would guarantee all Californians access to basic banking services without fees or penalties.
We just landed another win for public banking. Universal access to essential financial services is one step closer to becoming law. #AB1177 starts the process of providing no-fee accounts to millions of Californians. Thank you Appropriations Committee Senators. #YesOnAB1177
Back with another big win for public banking!
Millions of California families have no access to a bank account. #AB1177 starts the process of providing no-fee accounts to all in the Golden State. Thanks Appropriations Committee Senators. Now on to the Senate floor! #YesOnAB1177
It’s time for Buffalo to establish a public bank.
Our city must prioritize investments in our community—not in fossil fuels or carceral institutions to make profits. #IndiaForBuffalo
“Here on planet earth though, this bill is about providing a public option for financial services. An option, not a government takeover.”
Thank you @RepAOC for fighting for public banking to bring financial equity and empowerment to the people, not just the wealthy.
“Now I learned a while ago when I first got to Congress I thought, man, people definitely study what they’re talking about here. Then I got here and I realized that people don’t even – a lot of my colleagues don’t even read the bills that they are commenting on.” @AOC
“for anyone who is curious it’s right here at the desk. We’re making lots of statements that have nothing to do with the legislation & frankly you know if I made comments that publicly demonstrated that I did not read the legislation that I was discussing I’d be embarrassed” @AOC
Thanks to @AOC for speaking on the Public Banking Act of 2021 in the hearing on Banking the Unbanked. As @RepAOC noted “this is one of our first Congressional hearings on public banking in modern American history and today is a historic day. I think it is a day worth celebrating”
We passed our first hurdle in the Senate! With #AB1177, universal banking access would be life-changing for millions of Californians. An equitable economy requires equitable access to basic banking—there’s a real social objective to creating a system that doesn’t exploit people.