Discover and read the best of Twitter Threads about #LongBeachPublicBank
Most recents (1)
Thread: Thanks to the work of #PublicBank activists, we are bringing the Public Banking conversation to Long Beach city council. Tomorrow (Tuesday) at 5pm, we will be encouraging city council to ask the City Manager to conduct a feasibility study on Public Banking in Long Beach.
This is the 1st major step in making a #LongBeachPublicBank a reality. Here’s an excerpt of the letter that @fightdenial and I sent to every city council member: Last year, the Public Banking Act (#AB857) was passed in the CA legislature and was signed into law by Gov Newsom.
This bill was supported by @AsmPatODonnell and @SenGonzalez_33. #AB857 allows local governments to apply for a banking charter from the Department of Business Oversight (DBO) to establish a public bank.
