# 116-hr-8721: Public Banking Act of 2020

116-hr-8721, Public Banking Act of 2020, is a 116th Congress bill sponsored by Rep. Tlaib, Rashida [D-MI-12] (D-MI); status 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. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8721
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8721
- Congress: 116
- Title: Public Banking Act of 2020
- Status: 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.
- Introduced: 2020-10-30
- Sponsor: Rep. Tlaib, Rashida [D-MI-12] (D-MI)
- Cosponsors: 9
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (9)

- Rep. Ocasio-Cortez, Alexandria [D-NY-14] (D-NY), 2020-10-30T00:00:00.000Z
- Rep. Pressley, Ayanna [D-MA-7] (D-MA), 2020-10-30T00:00:00.000Z
- Rep. Jayapal, Pramila [D-WA-7] (D-WA), 2020-10-30T00:00:00.000Z
- Rep. Omar, Ilhan [D-MN-5] (D-MN), 2020-10-30T00:00:00.000Z
- Rep. Green, Al [D-TX-9] (D-TX), 2020-10-30T00:00:00.000Z
- Rep. Thompson, Bennie G. [D-MS-2] (D-MS), 2020-10-30T00:00:00.000Z
- Rep. Blumenauer, Earl [D-OR-3] (D-OR), 2020-10-30T00:00:00.000Z
- Rep. Lee, Barbara [D-CA-12] (D-CA), 2020-10-30T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2020-10-30T00:00:00.000Z

## Related bills

- 116-hr-8178: Anti-Racism in Public Health Act of 2020
- 116-hr-8015: Delivering for America Act
- 116-hr-7120: George Floyd Justice in Policing Act of 2020
- 116-hr-6902: Black History is American History Act
- 116-hr-6820: Emergency Rental Assistance and Rental Market Stabilization Act of 2020
- 116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act

## Sources
- [116-hr-8721 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8721)

## Related
- [116-hr-8178: Anti-Racism in Public Health Act of 2020](https://policyrisk.com/legislation/116-hr-8178)
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7120: George Floyd Justice in Policing Act of 2020](https://policyrisk.com/legislation/116-hr-7120)
- [116-hr-6902: Black History is American History Act](https://policyrisk.com/legislation/116-hr-6902)
- [116-hr-6820: Emergency Rental Assistance and Rental Market Stabilization Act of 2020](https://policyrisk.com/legislation/116-hr-6820)
- [116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act](https://policyrisk.com/legislation/116-hr-4104)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8721 (as of 2025-11-18).