The CA state Senate committee meeting yesterday is an excellent example of a public bank hearing, which advocates can use to inspire and inform their own work. Assemblymembers David Chiu and Miguel Santiago, co-authors of the bill, are both articulate and passionate supporters of AB 857 and press their case to the Senators by focusing on the core issues they predict are the chief concerns of this committee. The Senators ask pointed questions and state their objections or support to which the co-authors respond. Lobbyists for the banking industry state their objections. Many members of the public as well as representatives of CA cities speak in support. Then there’s the vote. Much of the work takes place prior to this hearing to enroll support from individual Senators.

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