Assembly Bill 857 – California Globe

Los Angeles Announces Plans for the First Public Bank In California

October 7, 2019 1:40 pmOctober 8, 2019 7:34 am

In a press conference celebrating the passage of AB 857 in front of the Los Angeles City Hall, Los Angeles City Council President Herb Wesson, along with Assemblyman Miguel Santiago (D-Los Angeles), announced that the first public bank in California...

Public Banks Bill Signed Into Law By Governor Newsom

October 2, 2019 4:54 pmOctober 3, 2019 12:10 pm

Public banks, banks that are run by a city or county, can now open in California following the signing of Assembly Bill 857 by Governor Gavin Newsom. AB 857 states that any public bank in California must go through the...

RECAP: AB 857, Creating Public Banks In California

September 24, 2019 7:00 pm

After being struck down in years past, AB 857 is a signature away from making public banks in California a reality. What is it? Assembly Bill 857. According to AB 857, whose framework is largely based on the only current...