Public Banking Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Oct 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.
What just happenedOct 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.
Who’s behind it
- Introduced in HouseOct 30, 2020
- Oct 30, 2020IntroReferralH11100
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.
Oversight and Accountability Committee - Oct 30, 2020IntroReferralH11100
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.
Financial Services Committee - Oct 30, 2020IntroReferralIntro-H
Introduced in House
- Oct 30, 2020IntroReferral1000
Introduced in House