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116-hr-8721116th Congress

Public Banking Act of 2020

Sponsored By: Representative Tlaib, Rashida [D-MI-12]

Unknown

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Tlaib, Rashida [D-MI-12]

MI • D

Cosponsors

  • Rep. Ocasio-Cortez, Alexandria [D-NY-14]

    NY • D

    Sponsored 10/30/2020

  • Rep. Pressley, Ayanna [D-MA-7]

    MA • D

    Sponsored 10/30/2020

  • Rep. Jayapal, Pramila [D-WA-7]

    WA • D

    Sponsored 10/30/2020

  • Rep. Omar, Ilhan [D-MN-5]

    MN • D

    Sponsored 10/30/2020

  • Rep. Green, Al [D-TX-9]

    TX • D

    Sponsored 10/30/2020

  • Rep. Thompson, Bennie G. [D-MS-2]

    MS • D

    Sponsored 10/30/2020

  • Rep. Blumenauer, Earl [D-OR-3]

    OR • D

    Sponsored 10/30/2020

  • Rep. Lee, Barbara [D-CA-12]

    CA • D

    Sponsored 10/30/2020

  • Rep. Schakowsky, Janice D. [D-IL-9]

    IL • D

    Sponsored 10/30/2020

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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