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United States · Bill · HR

H.R. 8721 (116th)

Public Banking Act of 2020

referredUnited States· United States Congress· EN

Introduced

30 October 2020

Last action

30 October 2020 · Introduced

Status

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.

Sponsors

Rep. Tlaib, Rashida [D-MI-12], Rep. Ocasio-Cortez, Alexandria [D-NY-14], Rep. Pressley, Ayanna [D-MA-7], Rep. Jayapal, Pramila [D-WA-7], Rep. Omar, Ilhan [D-MN-5], Rep. Green, Al [D-TX-9], Rep. Thompson, Bennie G. [D-MS-2], Rep. Blumenauer, Earl [D-OR-3], Rep. Lee, Barbara [D-CA-12], Rep. Schakowsky, Janice D. [D-IL-9]

Subjects

Discovery layer

Source updated

4 February 2025

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 30 October 2020

    Introduced

    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.

    Source: IntroReferral

  2. 30 October 2020

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 30 October 2020

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 30 October 2020

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 30 October 2020

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 30 October 2020

    Open at official source

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Sponsors

Related records

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Sources

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