Public Banking Act

Rep. Tlaib and Ocasio-Cortez recently introduced H.R.8721, the Public Banking Act, which would establish a (1) federal-level regulatory framework for public banks, (2) public bank grant programs, and (3) a supporting financial infrastructure for public banks.  While the bill doesn’t directly create new public banks, it solves a number of problems faced by public banking advocates: Legitimizing the idea of public banking … Continue reading Public Banking Act