HISTORY IN THE MAKING! California legislature passes public banking! AB 857, the Public Banking Act, passed the State Senate and Assembly and now heads to Governor Gavin Newsom's desk. California is just one signature away from boldest economic policy since the New Deal.

Urge Governor Newsom to sign AB 857 immediately: https://govapps.gov.ca.gov/gov40mail/

With Governor Newsom's signature on AB 857, for the first time in history, California's money can flow back into our communities, rather than increasing private shareholder profits. With public banks, California cities and regions will have the chance to use our own tax and fee money to solve our most pressing problems. We need to empower Main Street, not Wall Street.

California must lead the way for the rest of the nation. The Governor previously stated his support for public banking on his 2018 campaign trail; we look forward to his leadership on this critical legislation and urge him to sign AB 857.

Email Template to Gov. Newsom:
Leading the nation in progressive policies is what we do as Californians. Ten years after the financial crisis, AB 857 - the Public Banking Act - will finally empower cities and regions to create their own democratically-controlled banks, providing a safe alternative to unaccountable Wall Street megabanks. Governor Newsom, you expressed this same sentiment prior to winning the governorship: “We must break Wall Street’s choke hold on state finance and develop our own state bank.” Bank fees and interest rates will go towards funding public goods instead of out-of-state bankers. That’s why AB 857 has been endorsed by over 180 civic groups including labor and environmental organizations, representing 3.5 million members, and cities from Eureka to San Diego. Governor Newsom, I urge you to sign AB 857 immediately to pave the way for California communities to break Wall Street’s stranglehold on public finances.