Legal Issues

The path to create a Public Bank for a City or State necessarily requires answering certain legal questions. To help guide those on this path, here are recent legal memoranda that look deeply at the legal issues of consequence in establishing a Public Bank. While existing legislation varies by state, city and county, we all can learn from each other by examining how legal experts address the issues in front of them.

Laws & Statutes

The following list includes existing statutes establishing a Public Bank and other useful related documents. As of April 2018, there are now two Public Banks in the United States: the Bank of North Dakota, and the brand new Territorial Bank of American Samoa.

Proposed Legislation by State

Keep Local Wealth Local!

Proposed legislation by state is provided here.