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California Public Banking Alliance

  • Writer: NCPA
    NCPA
  • Sep 26, 2024
  • 1 min read

"The California Public Banking Alliance (CPBA) is a coalition of public banking activists founded in 2018 to advance socially and environmentally responsible public banks in California. Advocates throughout the state worked together to write and pass the California Public Banking Act (AB 857) in 2019. This legislation made California the first state in the nation to authorize the chartering of municipal public banks.

The CPBA passed a second public banking bill, the California Public Banking Option Act (AB 1177), also known as CalAccount, in 2021, to provide universal banking access for all Californians."


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