Press

AB 310: A Just Recovery from COVID-19
“In addition to helping California meet the immediate needs of a just recovery, a State public bank would place us on firm financial footing for serious climate action in the coming years ….”
by John Conway, Ph.D.
Romero Institute – July 24, 2020

California needs a public bank to help economy recover from COVID-19
“By unlocking just 10% of the Pooled Money Investment Account, money that would otherwise be invested in big out-of-state corporations, AB 310 releases a deluge of recovery investments into our state economy.”
by Assemblymember Miguel Santiago
CalMatters – July 23, 2020

Could a State-Owned Bank Help Strengthen California’s Recovery Efforts?
“The alliance built on a previously stalled proposal to convert the state loan fund into a bank, focusing in particular on how the bank could meet immediate needs during the recovery period.”
by Oscar Perry Abello
Next City – July 21, 2020

California Bill to Establish Nation’s Second Public Bank Applauded as ‘Historic Challenge to Wall Street Domination’
“We can structure a bank that actually is accountable to the people and does what the people want it to do.”
by Jake Johnson
Common Dreams – July 10, 2020

State bill would establish California public bank for coronavirus relief
“We already have an IBank, and it already has the purpose to help the California economy —  let’s restructure it into a state bank.”
by Laura Waxmann
San Francisco Business Times – July 10, 2020

Bill to create state public bank could jumpstart SF efforts
“This is an opportunity for us to reinvest California dollars in California communities.”
by Ida Mojadad
San Francisco Examiner – July 10, 2020

Assembly Bill Would Create State Bank To Help Local Governments, Small Businesses During Pandemic
“We’re essentially filling a void where Wall Street banks and the federal government have failed.”
CBS SF Bay Area – July 10, 2020

Bill calls for a state public bank
“Pop quiz! What’s the only state to have its own public bank?”
Capitol Alert
Sacramento Bee – July 10, 2020

A State Bank For California? An LA Lawmaker Hopes It Could Help With Pandemic Recovery
“The bank would fill a void where Wall Street and the federal government have failed small businesses and underserved communities.”
by Lita Martinez
LAist – July 9, 2020

Additional Public Banking press

Santa Cruz explores regional public banking formation
“A local volunteer group hoping to spark movement toward the creation of banking based more on ideals than the bottom line, and with a decidedly local focus, is gaining momentum.”
by Jessica York
Santa Cruz Sentinel – July 22, 2020

‘Fast, simple, easy’: Bank of North Dakota boosts coronavirus business aid
“Some officials believe the bank has given North Dakota a leg up in responding to the crisis.”
by Jack Dura
Bismarck Tribune – July 19, 2020

Public Banking can help bridge the racial wealth gap in the post-pandemic recovery
“By using public money to create local funds, public banks can reverse decades of racist disinvestment to repair Black and Brown communities hardest hit by the COVID-19 recession.”
by Ameya Pawar and Harish I. Patel
The Chicago Reporter – July 7, 2020

Also Relevant

Ellen Brown’s letter to Senator Mike McGuire
July 24, 2020

Here’s How We Grow California’s Economy for Everyone
(campaign piece that advocated for a California State Public Bank)
by then-candidate Gavin Newsom – February 8, 2018