3.0.0
6775
2025-02-04T16:54:13Z
2025-02-04T16:54:13Z
House
H
HR
2023-12-13
118
[Congressional Record Volume 169, Number 205 (Wednesday, December 13, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. TLAIB:H.R. 6775.Congress has the power to enact this legislation pursuantto the following:This bill provides for the Federal charter of certainpublic banks, and for other purposes.Article 1, Section 1 of the Constitution.The single subject of this legislation is:[Page H6943]
- hsif00
Energy and Commerce Committee
House
Standing
  - hsif03
Energy Subcommittee
    - Referred to
2023-12-15T16:26:39Z
  - Referred To
2023-12-13T15:02:20Z
- hswm00
Ways and Means Committee
House
Standing
  - Referred To
2023-12-13T15:02:15Z
- hsgo00
Oversight and Government Reform Committee
House
Standing
  - Referred To
2023-12-13T15:02:10Z
- hsba00
Financial Services Committee
House
Standing
  - Referred To
2023-12-13T15:02:05Z
- 2023-12-15
  - hsif03
Energy Subcommittee
1
House committee actions
Referred to the Subcommittee on Energy, Climate and Grid Security.
Committee
- 2023-12-13
Referred to the Committee on Financial Services, and in addition to the Committees on Oversight and Accountability, Ways and Means, and Energy and Commerce, 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
  - hsif00
Energy and Commerce Committee
- 2023-12-13
Referred to the Committee on Financial Services, and in addition to the Committees on Oversight and Accountability, Ways and Means, and Energy and Commerce, 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
  - hswm00
Ways and Means Committee
- 2023-12-13
Referred to the Committee on Financial Services, and in addition to the Committees on Oversight and Accountability, Ways and Means, and Energy and Commerce, 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 Government Reform Committee
- 2023-12-13
Referred to the Committee on Financial Services, and in addition to the Committees on Oversight and Accountability, Ways and Means, and Energy and Commerce, 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
- 2023-12-13
Sponsor introductory remarks on measure. (CR H6865)
IntroReferral
B00100
9
Library of Congress
- 2023-12-13
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-12-13
Introduced in House
IntroReferral
1000
9
Library of Congress
- T000481
Rep. Tlaib, Rashida [D-MI-12]
Rashida
Tlaib
D
MI
12
N
- O000172
Rep. Ocasio-Cortez, Alexandria [D-NY-14]
Alexandria
Ocasio-Cortez
D
NY
14
2023-12-13
True
- P000617
Rep. Pressley, Ayanna [D-MA-7]
Ayanna
Pressley
D
MA
7
2023-12-13
True
- L000551
Rep. Lee, Barbara [D-CA-12]
BARBARA
LEE
D
CA
12
2023-12-13
True
- S001145
Rep. Schakowsky, Janice D. [D-IL-9]
JANICE
SCHAKOWSKY
D
IL
D.
9
2023-12-13
True
- O000173
Rep. Omar, Ilhan [D-MN-5]
Ilhan
Omar
D
MN
5
2023-12-13
True
- C001131
Rep. Casar, Greg [D-TX-35]
Greg
Casar
D
TX
35
2024-01-03
False
- J000298
Rep. Jayapal, Pramila [D-WA-7]
Pramila
Jayapal
D
WA
7
2024-03-11
False
Finance and Financial Sector
- Air quality
2024-11-21T01:42:30Z
- Bank accounts, deposits, capital
2024-11-21T01:42:30Z
- Business expenses
2024-11-21T01:42:34Z
- Business records
2024-11-21T01:42:34Z
- Civil actions and liability
2024-11-21T01:42:34Z
- Climate change and greenhouse gases
2024-11-21T01:42:34Z
- Consumer credit
2024-11-21T01:42:34Z
- Corporate finance and management
2024-11-21T01:42:34Z
- Credit and credit markets
2024-11-21T01:42:34Z
- Currency
2024-11-21T01:42:34Z
- Digital media
2024-11-21T01:42:34Z
- Federal Reserve System
2024-11-21T01:42:34Z
- Financial services and investments
2024-11-21T01:42:39Z
- Government corporations and government-sponsored enterprises
2024-11-21T01:42:39Z
- Housing and community development funding
2024-11-21T01:42:39Z
- Insurance industry and regulation
2024-11-21T01:42:30Z
- Interest, dividends, interest rates
2024-11-21T01:42:30Z
- Licensing and registrations
2024-11-21T01:42:30Z
- Oil and gas
2024-11-21T01:42:30Z
- Securities
2024-11-21T01:42:30Z
- U.S. Postal Service
2024-11-21T01:42:30Z
- User charges and fees
2024-11-21T01:42:30Z
- Wages and earnings
2024-11-21T01:42:30Z
Finance and Financial Sector
2024-01-19T17:15:19Z
00
2023-12-13
Introduced in House
2024-08-06T12:27:08Z
Public Banking Act of 2023
This bill allows for the federal charter of public banks (i.e., banks that are wholly owned and controlled by a state, tribe, or local government).
Under the bill, the Board of Governors of the Federal Reserve System must charter public banks or recognize non-federally chartered banks if they meet certain criteria. These public banks are eligible for membership in the Federal Reserve System. The Federal Reserve must offer specified services to member public member banks, including grants, payment accounts, digital dollar services, and facilities for credit, loans, and liquidity.
These public banks must have a democratic governance structure, establish an environmental policy, and comply with certain lending policies. For example, these public banks must require that loan recipients do not oppose or resist unionization efforts involving projects that utilize public funds. Public banks under the bill are also prohibited from providing financial services to certain companies, including those that (1) support specified industries such as gun manufacturers or fossil fuel producers; (2) have unfair or unsafe labor practices; or (3) have a history of tax avoidance.
The bill also requires the establishment of a regulatory framework for the federal recognition of securities issued by public banks.
The Federal Deposit Insurance Corporation must provide unlimited deposit insurance to federally recognized public banks.
The United States Postal Service must partner with these public banks to provide account and payment services at post offices.
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Public Banking Act of 2023
- Display Title
45

Public Banking Act of 2023
2024-06-11T15:11:29Z
- Short Title(s) as Introduced
101

Public Banking Act of 2023
2024-05-24T13:35:01Z
Introduced in House
IH
- Official Title as Introduced
6

To provide for the Federal charter of certain public banks, and for other purposes.
2024-03-18T22:01:16Z
Introduced in House
IH
- Introduced in House
2023-12-13T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr6775ih/xml/BILLS-118hr6775ih.xml
2023-12-15
Referred to the Subcommittee on Energy, Climate and Grid Security.
text/xml
EN
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