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Public Banking Act Clears Assembly

Los Angeles, CA – In an historic move, the California State Assembly this morning upheld a bill to allow cities and counties to start their own public banks and divest from big Wall Street banks.

California Assembly Calls for Second Year of Tuition-Free Community College

Sacramento, CA – The California Legislature just took a giant step closer to providing students with a second year of tuition-free community college.  The measure passed with strong bipartisan support.                                               &n

Public Banking Act Heads to the Assembly Floor for a Vote

Los Angeles, CA – Having just crossed a notoriously difficult hurdle in the Assembly Appropriations Committee, the Public Banking Act (AB 857) is up for a full vote on the Assembly floor. This marks the third committee to give the bill its stamp of approval, despite heavy opposition from Wall Street’s biggest banks.

Momentum Builds for Public Banks: Los Angeles City Council Endorses AB 857

Los Angeles, CA – On Tuesday morning, the Los Angeles City Council passed a resolution introduced by LA City Council President Herb J. Wesson in support of AB 857 – a bill to give California cities and municipalities the option to start their own public bank. Arguing for the measure, City Council President Wesson had this to say: