Creating a Public Bank can take many legislative steps. We include here related Public Bank resolutions and proposed legislation from around the country so advocates and elected officials can have examples of how other cities and states are moving forward to create a Public Bank.

Public Bank Task Forces

These Task Forces often collect and organize much background material and many of these pages are well organized.

San Francisco

San Francisco Municipal Bank Feasibility Task Force

Santa Fe

Santa Fe Public Bank Task Force

Washington State

Washington State Infrastructure & Public Depository Task Force

Arizona
2011 H.B. 2221 (2011) Creates the Bank of Arizona and establishes duties of the Bank of Arizona Commission and Board of Directors
2012 H.B. 2104 (2012) Establishes the Bank of Arizona and outlines the duties of the Bank of Arizona Commission and board of directors.
California
2011 A.B. 750 (2011) Vetoed by governor 9/26/11
This bill establishes the investment trust blue ribbon task force to consider the viability of establishing the California Investment Trust, which would be a state bank receiving deposits of state funds.
2012 A.B. 2500 (2012) This bill establishes the California Investment Trust within state government, and authorizes the trust to exercise various powers and duties relating to banking, including, among others, receiving and managing deposits from public funds, loaning money, engaging in financial transactions, and buying and selling federal funds. The bill requires all state money, as defined, to be deposited into the California Investment Trust. The bill establishes a California Investment Trust Board to be chaired by the treasurer, and establishes an advisory board for purposes of advising the board.
Hawaii
2010 H.C.R. 200 (2010) Passed House 4/9/10. Requests the Legislative Reference Bureau to study the feasibility of establishing a state-owned bank.
2011 H.B. 853 (2011) Passed House 3/8/11. Establishes a task force to review, investigate and study the feasibility and cost of establishing the bank of the state of Hawaii. Requires reports to the Legislature.
H.C.R. 159 (2011) Passed House 4/15/11.
H.R. 139 (2011) Adopted 4/15/11. Creates the task force on establishing the bank of the state of Hawaii.
S.B. 194 (2011) Establishes the state bank of Hawaii for the purpose of promoting agriculture, education, community development, economic development, commerce, and industry within the state.
2012 H.B. 1840 (2012) Passed House 3/6/12. Establishes a task force to review, investigate, and study the feasibility and cost of establishing a state-owned bank. Requires a report to the Legislature.
H.B. 2103 (2012) Passed House 3/6/12. Directs the Department of Commerce and Consumer Affairs to conduct a comprehensive review of relevant state laws to develop legislation to establish the bank of the State of Hawaii. Appropriates funds to conduct the review. Directs the Hawaii housing and finance and development corporation to establish and operate an interim purchase program for distressed residential properties encumbered by problematic mortgages until the bank of the state of Hawaii is operational. Establishes minimum percentages of state funds that shall be deposited in the bank of the state of Hawaii.
2015 H.B. 326 (2015) Directs DCCA to conduct a comprehensive review of relevant state laws to develop legislation to establish the bank of the State of Hawaii. Appropriates funds to conduct the review. Directs the HHFDC to establish and operate an interim purchase program for distressed residential properties encumbered by problematic mortgages until the bank of the State of Hawaii is operational. Establishes minimum percentages of state funds that shall be deposited in the bank of the State of Hawaii.
Illinois
2010 H.B. 5476 (2010) Creates the Community Bank of Illinois Act. Provides that the Department of Financial and Professional Regulation shall operate the Community Bank of Illinois. Specifies the authority of the advisory board of directors to the Bank. Provides that the secretary is to employ a president and employees. Contains provisions concerning the removal and discharge of appointees. Provides that state funds must be deposited in the Bank.
2011 H.B. 2064 (2011) Creates the Community Bank of Illinois Act.
2012 H.B. 2064 (2012) Creates the Community Bank of Illinois Act. Provides that the Department of Financial and Professional Regulation shall operate the Community Bank of Illinois. Specifies the authority of the advisory board of directors to the Bank. Provides that the secretary is to employ a president and employees. Contains provisions concerning the removal and discharge of appointees. Provides that state funds must be deposited in the Bank.
H.B. 5010 (2012) Creates the State Bank of Illinois Act. Establishes the State Bank of Illinois and the State Bank of Illinois Board. Sets forth the membership of the state board. Provides that the state board shall appoint an advisory board of directors. Provides that the State Bank may accept deposits of private funds and public funds.
Louisiana
2010 H.C.R. 111 (2010) Passed House 4/14/10. Requests the Office of Financial Institutions to study the creation of a state-owned bank.
2011 H.C.R. 144 (2011) Passed House 6/2/11. Requests the state treasurer and the Office of Financial Institutions to jointly study the creation of a state-owned bank.
Maryland
2011 H.B. 1066 (2011) Establishes the Maryland State Bank Commission to review and evaluate the creation of a Maryland State Bank; provides for the membership and staffing of the Commission; prohibits members of the Commission from receiving specified compensation, but authorizes the reimbursement of specified expenses; requires a final report by a specified date.
S.B. 789 (2011) Establishes the Maryland State Bank Commission to review and evaluate the creation of a Maryland State Bank; provides for the membership and staffing of the Commission; prohibits members of the Commission from receiving specified compensation, but authorizes the reimbursement of specified expenses; requires a final report by a specified date.
2012 H.B. 1258 (2012) Establishes the Maryland State Bank Task Force to review and evaluate the creation of a Maryland State Bank; provides for the membership and staffing of the task force; prohibits members of the task force from receiving specified compensation, but authorizes the reimbursement of specified expenses; requires a final report by December 1, 2012; provides for the termination of the Act.
Massachusetts
2010 S.B. 2270 (2010) Accompanied by new draft S.B. 2331 3/18/10. Establishes a commission to study the feasibility of establishing a bank owned by the commonwealth or by a public authority constituted by the commonwealth.
S.B. 2331 (2010) Accompanied by new draft S.B. 2345 4/1/10. Establishes a commission to study the feasibility of establishing a bank owned by the commonwealth or by a public authority constituted by the commonwealth.
S.B. 2345 (2010) Accompanied by new draft S.B. 2380 4/8/10. Establishes a commission to study the feasibility of establishing a bank owned by the commonwealth or by a public authority constituted by the commonwealth.
S.B. 2380 (2010) Substituted by S.B. 2582 7/30/10. Establishes a commission to study the feasibility of establishing a bank owned by the commonwealth or by a public authority constituted by the commonwealth.
S.B. 2582 (2010) Signed by governor with line item veto 8/5/10. Veto Message: Establishes a commission to study the feasibility of establishing a bank owned by the commonwealth or by a public authority constituted by the commonwealth.
2011 H.C.R. 144 (2011) Accompanied by new draft S.B. 2331 3/18/10. Establishes a commission to study the feasibility of establishing a bank owned by the commonwealth or by a public authority constituted by the commonwealth.
Virginia
2010 H.J.R. 62 (2010) Establishes a joint subcommittee to study whether to establish a bank operated by the Commonwealth. The study shall consider recommendations for legislation to establish a state owned, controlled, and operated bank.
Washington
2011 H.B. 3162 Creates a state bank overseen by the state treasurer. Allows the state treasurer to fund the bank with state funds. Provides the state bank with the same types of authority to operate as a private bank chartered by the state.
2011 H.J.R. 4224 Proposes an amendment to the state constitution authorizing a state bank of Washington.
California
2011