Public Banking Act of 2020

United States116th CongressHR-8721House of Representatives
Updated: Oct 30, 2020

Summary

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.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

  1. 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.

    House of Representatives

  2. Introduced in House

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