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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
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service

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 October 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 7
All 7 Democratic 7
D
Green, Al
Texas · Oct 30, 2020
 D
Jayapal, Pramila
Washington · Oct 30, 2020
 D
Ocasio-Cortez, Alexandria
New York · Oct 30, 2020
 D
Omar, Ilhan
Minnesota · Oct 30, 2020
 D
Pressley, Ayanna
Massachusetts · Oct 30, 2020
 D
Schakowsky, Janice D.
Illinois · Oct 30, 2020
 D
Thompson, Bennie G.
Mississippi · Oct 30, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8721: Public Banking Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8721/
MLA
"H.R. 8721: Public Banking Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8721/.
Bluebook (legal)
H.R. 8721, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8721/.
Markdown link
[H.R. 8721: Public Banking Act of 2020](https://openamerica.io/bill/116-HR-8721/)
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