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AB 750 – Voted out of AppropriationsCommittee and onto Assembly Floor for Vote
On Friday afternoon, May 27th, the Assembly Appropriations Committee moved AB 750 forward to the Assembly floor for a vote, which will occur Wed or Th of this week. Nothing has been announced yet, due to the holiday weekend. If you live in California, call your Assembly Representative on Tuesday, 5/31, and voice your support for a public bank in California. click hereClick here for a listing of Assembly member phone numbers and email ids.
The Fed Speaks…
The Bank of North Dakota: A Model for Massachusetts and Other States?
In 2010, Massachusetts legislators considered whether to create a state-owned bank as a means to address concerns about credit availability and other economic challenges stemming from the financial crisis and Great Recession of 2007-09. In 2011 a commission was established to investigate the feasibility of setting up such an institution. This research report informs the work of that commission