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H.R. 8721 · 116th Congress

Public Banking Act of 2020

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

RTD TlaibSponsor
9 cosponsors · 9 D
EBD Blumenauer AGD Green PJD Jayapal BLD Lee AOD Ocasio-Cortez IOD Omar APD Pressley JSD Schakowsky BTD Thompson

9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

This bill provides for the establishment of public banks. Among other things, the bill

What it does: CRS summary · Introduced in House · Oct 30, 2020

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Public Banking Act of 2020

Latest action (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.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Oct 30, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.