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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Title(s) as Introduced

Public Banking Act of 2020

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To provide for the Federal charter of certain public banks, and for other purposes.


Actions Overview (1)

Date Actions Overview
10/30/2020Introduced in House

All Actions (3)

Date All Actions
10/30/2020Referred 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.
Action By: House of Representatives
10/30/2020Referred 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.
Action By: House of Representatives
10/30/2020Introduced in House
Action By: House of Representatives

Cosponsors (9)


Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Financial Services10/30/2020 Referred to
House Oversight and Reform10/30/2020 Referred to

No related bill information was received for H.R.8721.


Latest Summary (1)

There is one summary for H.R.8721. View summaries

Shown Here:
Introduced in House (10/30/2020)

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.