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Public Banking Act of 2020

USA116th CongressHR-8721| House 
| Updated: 10/30/2020
Rashida Tlaib

Rashida Tlaib

Democratic Representative

Michigan

Cosponsors (9)
Barbara Lee (Democratic)Ilhan Omar (Democratic)Al Green (Democratic)Pramila Jayapal (Democratic)Janice D. Schakowsky (Democratic)Alexandria Ocasio-Cortez (Democratic)Bennie G. Thompson (Democratic)Earl Blumenauer (Democratic)Ayanna Pressley (Democratic)

Financial Services Committee, Oversight and Government Reform Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Public Banking Act of 2020 This bill provides for the establishment of public banks. Among other things, the bill allows public banks to become members of the Federal Reserve; establishes loan facilities for public banks; prohibits the investment in fossil fuels by public banks; allows for the establishment of securities issued by public banks; provides for the establishment of public banks at U.S. post offices; and provides grants for the formation, chartering, and capitalization of public banks.
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Timeline
Oct 30, 2020
Introduced in House
Oct 30, 2020
Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • October 30, 2020
    Introduced in House
  • October 30, 2020
    Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Finance and Financial Sector

Air qualityBank accounts, deposits, capitalBusiness expensesBusiness recordsCivil actions and liabilityClimate change and greenhouse gasesConsumer creditCorporate finance and managementCredit and credit marketsCurrencyDigital mediaFederal Reserve SystemFinancial services and investmentsGovernment corporations and government-sponsored enterprisesHousing and community development fundingInsurance industry and regulationInterest, dividends, interest ratesLicensing and registrationsOil and gasSecuritiesUser charges and feesU.S. Postal ServiceWages and earnings

Public Banking Act of 2020

USA116th CongressHR-8721| House 
| Updated: 10/30/2020
Public Banking Act of 2020 This bill provides for the establishment of public banks. Among other things, the bill allows public banks to become members of the Federal Reserve; establishes loan facilities for public banks; prohibits the investment in fossil fuels by public banks; allows for the establishment of securities issued by public banks; provides for the establishment of public banks at U.S. post offices; and provides grants for the formation, chartering, and capitalization of public banks.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 30, 2020
Introduced in House
Oct 30, 2020
Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • October 30, 2020
    Introduced in House
  • October 30, 2020
    Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Rashida Tlaib

Rashida Tlaib

Democratic Representative

Michigan

Cosponsors (9)
Barbara Lee (Democratic)Ilhan Omar (Democratic)Al Green (Democratic)Pramila Jayapal (Democratic)Janice D. Schakowsky (Democratic)Alexandria Ocasio-Cortez (Democratic)Bennie G. Thompson (Democratic)Earl Blumenauer (Democratic)Ayanna Pressley (Democratic)

Financial Services Committee, Oversight and Government Reform Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Air qualityBank accounts, deposits, capitalBusiness expensesBusiness recordsCivil actions and liabilityClimate change and greenhouse gasesConsumer creditCorporate finance and managementCredit and credit marketsCurrencyDigital mediaFederal Reserve SystemFinancial services and investmentsGovernment corporations and government-sponsored enterprisesHousing and community development fundingInsurance industry and regulationInterest, dividends, interest ratesLicensing and registrationsOil and gasSecuritiesUser charges and feesU.S. Postal ServiceWages and earnings