Friday, October 04, 2019
HISTORIC STEP FORWARD: Gov. Gavin Newsom Signs Into Law Public Banking Act Into Law! @ Public Banking Institute
The time has come for public banks to offer a people-controlled alternative to the private, profit-driven Wall Street banks that have failed to serve the public. The Alliance posted on Facebook:
“WE JUST MADE HISTORY!!! Governor Gavin Newsom just signed #AB857 Public Banks into law, making it possible for California cities and counties to take control of our own future. AB 857 is a victory fueled 100% by people power … With no budget, no lobbyists, and no playbook, we made our case for public banking — and for the first law of its kind in the nation. … The future is here — and California is leading the way for the rest of the nation.”
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