Come join us make public banking happen!
Local public banking bill moves ahead
May update: AB 857 has cleared all Assembly committees and will be coming up for an Assembly floor vote in late May.
Local public banking is coming to California! State Assembly Bill 857, which will enable cities and counties to more easily establish their own banks, passed two crucial votes this week: on Monday, the Assembly Banking and Finance committee voted to pass it, and on Wednesday, the Assembly Local Government committee did the same. Next, our bill is headed to the Appropriations committee before going to the full Assembly; then, of course, the debate will move to the Senate.
The text of the bill, plus analysis and details on the committee votes, can be found here.
Support for AB 857 is building; Los Angeles, San Francisco, San Jose, Santa Cruz, Oakland, and Berkeley – as well Santa Cruz Countty and Santa Clara County – have all passed resolutions supporting itt. Our grassroots movement to divest from Wall Street and keep our money local is growing ever more powerful. Onward!
Info Time for public banking �
Have questions about public banking? Want to find out more about what we’re doing to make our own East Bay bank a reality? Come to Info Time! Volunteers will be available to talk with you from 5:30 to 6pm on Monday, April 29, at 2044 Franklin Street, Oakland. Drop on by for a chat—and bring a friend!
Tell your assemblymember: Yes on 857!
On Monday, April 8, California Public Banking Alliance (CPBA) volunteers from all over the state will converge on the Capitol to press for lawmakers’ promises of support for AB 857.
But lobbying can’t do the whole job. Now is the time for all of us California supporters of public banking to call our assemblymembers and tell them to vote YES on this crucial legislation!
Calling your elected officials is quick and easy. You can talk to the staffer who answers the phone or leave a voicemail. Say something like this:
“My name is _________, and I live in District [number]. I’m calling to ask Assemblymember _______ to vote YES on AB 857, the public banking bill. I strongly support establishing a public bank in my community.”
Below are phone numbers for all assemblymembers whose districts include part of Alameda County. Wherever you live in the state, if you’re not sure who represents you, check this finder.
District 15�Buffy Wicks (916) 319-2015
District 16�Rebecca Bauer-Kahan (916) 3119-2016
District 18�Rob Bonta (916) 319-2018
District 20�Bill Quirk (916) 319-2020
District 25�Kansen Chu (916) 319-2025
And remember, everyone you know in California can call their legislator. Please ask them to call, too. It could make a real difference!
Help make our East Bay bank happen
We’re planning on doing a lot more tabling at markets and street fairs through the spring and summer, and we could really use some help. Tabling is a great way to get out of that cyber-bubble and talk to actual fellow citizens about creating the vibrant local economy we all want to see. You don’t need a finance background – just a couple free hours and an ability to explain the basics.
You can also help by suggesting places for us to table. We need to connect with folks all over Alameda County so we can point to broad grassroots support for our bank as we push the Board of Supervisors to make it happen.
If you’re interested in tabling or have an idea for a venue, please don’t wait to shoot us an email at firstname.lastname@example.org. Thank you!