Support California bill to allow cities to create public banks
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
PassedSimilar Discussions
5 related items found by meaning
Endorse Oakland's efforts to create a public bank
Authorize staff to explore creating Public Bank East Bay with Berkeley and Oakland
Support state bill expanding citizen-funded election programs to all cities
Authorize Public Bank East Bay to apply for state regulatory approval
Support state bill allowing city to create public campaign financing program
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