HR 8721
116th Congress
House
Finance and Financial Sector
Air quality
Bank accounts, deposits, capital
Business expenses
Business records
Civil actions and liability
Climate change and greenhouse gases
Consumer credit
Corporate finance and management
Credit and credit markets
Currency
Digital media
Federal Reserve System
Financial services and investments
Government corporations and government-sponsored enterprises
Housing and community development funding
Insurance industry and regulation
Interest, dividends, interest rates
Licensing and registrations
Oil and gas
Public Banking Act of 2020
Introduced: October 30, 2020
Introduced by:
Tlaib, Rashida
Democratic
· Michigan
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 30, 2020
Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 30, 2020
Introduced in House
Plain-English summary
Public Banking Act of 2020
This bill provides for the establishment of public banks. Among other things, the bill
- allows public banks to become members of the Federal Reserve;
- establishes loan facilities for public banks;
- prohibits the investment in fossil fuels by public banks;
- allows for the establishment of securities issued by public banks;
- provides for the establishment of public banks at U.S. post offices; and
- provides grants for the formation, chartering, and capitalization of public banks.
What's happening now
Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Committees of jurisdiction
2