Legislative

Creating a Public Bank can take many legislative steps. We include here related Public Bank resolutions and proposed legislation from around the country so advocates and elected officials can have examples of how other cities and states are moving forward to create a Public Bank. 

Legislation, including Resolutions and Motions, linked below is organized by State and City.

For related Legal Opinions and Memoranda, click here

For related Reports, click here

For the Bank of North Dakota statute / charter, click here

(We will continue to update this list as we receive documents or track down relevant legislation.)

 

 

Alaska

Alaska State

*NEW*

HB 376 An Act establishing a state bank - Referred to Labor & Commerce, Finance Committees - Feb 2018

 

 

California

California State

AB750 Feasibility Study for Establishing a State-Owned Bank - Passed both houses, vetoed by Gov Brown - Sept 2011

 

Los Angeles

Motion requesting a report on feasibility and requirements to create a Public Bank of Los Angeles - July 2017 

 

San Francisco

Resolution to convene a Municipal Public Bank Task Force - April 2017

Draft Outline of the Municipal Bank of San Francisco - 2013

 

Oakland

Resolution to prepare cost estimates for Public Bank Feasibility Study - Nov 2016

 

Mendocino County

Resolution in Support of Public Banking in Mendocino County - Dec 2014

 

 

Hawaii

Hawaii State

HCR200 Requesting study on feasibility of establishing a State Owned Bank - Referred to Senate Committee on Commerce and Consumer Protection - Apr 2010

 

 

Illinois

Illinois State

HB5476 Community Bank of IL Act - Referred to Rules Committee - Feb 2010

 

 

Massachusetts

Massachusetts State

H3543 Act establishing the Massachusetts Infrastructure Bank - Discharged to the Committee on Financial Services - Jan 2017

Related: The Clear Case for an Infrastructure Bank for MA - Charles Grigsby

S2270 (Section (a) p 130) Bill requiring creation of a commission to study the feasibility of establishing a bank owned by the commonwealth - Passed, but not enacted - Aug 2010 

Related: Governor misses deadline on commission for state-owned bank

 

 

 

Michigan

Michigan State

*NEW*

HB5431 The Bank of Michigan Act - Referred to Committee on Regulatory Reform - Jan 2018

HB5432 Deposits concerning The Bank of Michigan Act - Referred to Committee on Regulatory Reform - Jan 2018

HB5433 Accounting concerning The Bank of Michigan Act - Referred to Committee on Regulatory Reform - Jan 2018

HB5434 Loans concerning The Bank of Michigan Act - Referred to Committee on Regulatory Reform - Jan 2018

HJR CC Allowing the deposit of state money in the Bank of Michigan - Referred to Committee on Regulatory Reform - Jan 2018

*****

HB5833 A bill to establish the community Bank of Michigan - Sept 2016

HB5835 A bill to amend 1861 PA 111 to require state deposits include the community Bank of Michigan set up in Sec. 5 of Bank of Michigan Act - Sept 2016

 

 

 

Missouri

St Louis

*NEW*

Resolution to convene hearings on the potential community benefit of establishment of a Public Municipal Bank for the City of St. Louis - Mar 2018

 

 

 

New Jersey

New Jersey State

*NEW*

S885 (18R) State Bank of New Jersey Act - Referred to Senate Commerce Committee - Jan 2018

 

 

New Mexico

Santa Fe

Resolution requesting a report from the Finance Dept and the creation of a Public Bank Task Force - April 2017

 

 

 

New York

New York State

*NEW*

S3172 Bill to establish a commission to study the feasibility of establishing a bank owned by the state of New York - Referred to Banks committee - Jan 2018

 

 

Vermont

Vermont State

H208 Bill to create the Commission on the State Bank of Vermont - Referred to Committee on Commerce and Economic Development - Feb 2017

S48 Bill to create the Commission on the State Bank of Vermont - Referred to Committee on Finance - Jan 2017

 

 

Virginia

Virginia State

HJ62 Resolution establishes a joint subcommittee to study whether to establish a state owned bank - Tabled - Jan 2010

 

 

Washington

Washington State

Proviso in the State's 2017-2019 Operating Budget to create an Infrastructure and Public Depository Task Force - June 2017

HB3162 Authorizing the creation of a state bank - Feb 2010

 

 

Public Bank Task Forces

These Task Forces often collect and organize much background material and many of these pages are well organized.

 

San Francisco

San Francisco Municipal Bank Feasibility Task Force

 

Santa Fe

Santa Fe Public Bank Task Force

 

Washington State 

Washington State Infrastructure & Public Depository Task Force

 

 


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