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

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

 

 

Arizona

Arizona State

HB 2532 An Act establishing a state-owned bank task force - Assigned to Rules Committee - Feb 2017

SB 1265 An Act establishing a state-owned bank task force - Assigned to Finance and Rules Committees - Jan 2017

 

 

California

California State

AB 857 An Act to facilitate the establishment of public banks by cities and counties in California - Mar 2019

SB 528 An Act to convert the California I-Bank to a true depository bank - Feb 2019

AB 750 Feasibility Study for Establishing a State-Owned Bank - Passed both houses, vetoed by Gov Brown - Sept 2011

 

Los Angeles

Resolution to support state bill AB 857, permitting local governments to apply for a banking charter to establish a public bank - Mar 2019

Charter Amendment B Municipal Financial Institution - July 2018

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

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

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 Hampshire

New Hampshire State

HB 367 An Act establishing a state bank - Hearing scheduled in Commerce Committee - Jan 2019

 

 

New Jersey

New Jersey State

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

 

 

New Mexico

New Mexico State

HM 41 A Memorial requesting the finance committee undertake a feasibility study of establishing a state-owned bank in NM - Feb 2019

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

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

 

 

Oregon

Oregon State

HB 3169 An Act to enable banking institutions and credit unions to organize as limited charter cannabis financial institutions - Work session scheduled - Feb 2019

 

 

Pennsylvania

Philadelphia

Request for Proposals (RFP) from consultants to conduct a feasibility study on the City of Philadelphia's ability to establish and operate a municipally owned bank - Jan 2019 - closing date Mar 7, 2019

 

 

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

SB 5949 Bill to establish the Washington investment trust - Referred to Committee on Financial Institutions, Economic Development & Trade - Feb 2019

PSSB 5949 Proposed amendment that would allow municipalities and other political subdivisions to cooperatively own the trust - Heard in committee - Feb 2019

SB 6032 Supplemental appropriations bill that includes funds to develop a business plan for a public cooperative bank - Passed legislature - Mar 2018

SB 6375 An Act developing a publicly owned depository business plan - Referred to Ways & Means Committee - Jan 2018

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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