3.0.0 8721 2023-01-11T13:44:27Z 2023-01-11T13:44:27Z House HR 2020-10-30 116 [Congressional Record Volume 166, Number 186 (Friday, October 30, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. TLAIB:H.R. 8721.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, clause and Article I, Section 8,clause 3[Page H5716]]]> hsgo00 Oversight and Accountability Committee House Standing Referred to 2020-10-30T14:03:10Z hsba00 Financial Services Committee House Standing Referred to 2020-10-30T14:03:05Z 2020-10-30 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. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2020-10-30 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-10-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-10-30 Introduced in House IntroReferral 1000 9 Library of Congress T000481 Rep. Tlaib, Rashida [D-MI-13] Rashida Tlaib D MI 13 N O000172 Rep. Ocasio-Cortez, Alexandria [D-NY-14] Alexandria Ocasio-Cortez D NY 14 2020-10-30 True P000617 Rep. Pressley, Ayanna [D-MA-7] Ayanna Pressley D MA 7 2020-10-30 True J000298 Rep. Jayapal, Pramila [D-WA-7] Pramila Jayapal D WA 7 2020-10-30 True O000173 Rep. Omar, Ilhan [D-MN-5] Ilhan Omar D MN 5 2020-10-30 True G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2020-10-30 True T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2020-10-30 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2020-10-30 True L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2020-10-30 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2020-10-30 True Finance and Financial Sector Air quality Bank accounts, deposits, capital Business expenses Business records Civil actions and liability Climate change and greenhouse gases Consumer credit Corporate finance and management Credit and credit markets Currency Digital media Federal Reserve System Financial services and investments Government corporations and government-sponsored enterprises Housing and community development funding Insurance industry and regulation Interest, dividends, interest rates Licensing and registrations Oil and gas Securities U.S. Postal Service User charges and fees Wages and earnings Finance and Financial Sector 00 2020-10-30 Introduced in House 2021-02-12T14:26:11Z 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.
]]> Public Banking Act of 2020 Display Title Public Banking Act of 2020 Short Title(s) as Introduced Public Banking Act of 2020 Introduced in House IH Official Title as Introduced To provide for the Federal charter of certain public banks, and for other purposes. Introduced in House IH Introduced in House 2020-10-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr8721ih/xml/BILLS-116hr8721ih.xml 2020-10-30 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. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.