The California Public Banking Alliance is working toward a state bill that will remove legal barriers to starting municipal public banks in the state. To that end, Public Bank East Bay recently met with Rob Bonta who represents the East Bay’s 18th Assembly District. He has agreed to co-author or perhaps even author the bill.
The CPBA is reaching out to more legislators to gain additional authors and support for a bill to be introduced in 2019. More to come as this story develops.
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