Support California bill to allow cities to create public banks

Public Banking ActGovernance

In Plain English

California currently prohibits cities from operating their own banks. Assembly Bill 857 would change state law to let cities create public banks that could offer loans and banking services. If the city council approves this support, Richmond joins other cities backing the legislation.

Auto-generated summary. Source: official agenda documents.

Votes

Adopt Resolution No. 37-19

Moved by: <UNKNOWN>Seconded by: <UNKNOWN>
Passed