CALIFORNIA LEGALIZES PUBLIC BANKING

November 11, 2019

Governor Gavin Newsom signed a bill that lets municipalities sponsor public banks, and Los Angeles’ City Council is creating a proposal for one. David Jette of Public Bank LA says this will help cities and counties invest in affordable housing and renewable energy.

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PUBLIC BANK LA GAINS MAJORITY COUNCIL SUPPORT

Public Bank LA is a community-led effort to create a public bank focused on justice, accountability, and sustainability. It’s built to serve Los Angeles communities, not Wall Street.

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