Public Bank LA Virtual Town Hall - February 23, 2021

Friends of Public Banking,

The movement for a public bank in Los Angeles is on the march! Join us for the LA Public Bank Virtual Town Hall on Tuesday, February 23 at 6pm as we supercharge the creation of the Los Angeles Public Bank!

Public Bank LA Town Hall
Tuesday, February 23, 2021
6pm - 7:30pm
Zoom Registration Link

Our powerful lineup of speakers include:

  • Councilmember Mike Bonin, Councilmember Kevin de Leon, Councilmember Nithya Raman, Councilmember Monica Rodriguez, Assemblymember Miguel Santiago
  • Bob Schoonover, President of SEIU 721
  • Rachel Torres, Deputy Political and Civil Rights Director UFCW Local 770
  • Beverly Roberts with ACCE Action and Chair of Home Defenders League, Susie Shannon, Policy Director of Housing is a Human Right, Jennifer Tanner with SoCal 350 Climate Action, Indivisible CA: StateStrong, Indivisible Green Team and Fossil Free CA
  • Trinity Tran, David Jette, Ben Gordon and Naveen Agrawal of Public Bank LA.

As the City of Los Angeles reels from the COVID-19 crisis, a public bank would and should lead the recovery. Public banking allows for low-cost lending at a local level to support the resurgence of our restaurants and small businesses, particularly those owned by historically disadvantaged and underrepresented people of color that have been forced to close may never return. A public bank will lay the foundation for a more equitable local economy by financing projects including local public infrastructure, renewable energy, affordable housing, a local Green New Deal, and more -- carried out by well-paying and union jobs.

Over the past two years, we’ve made real progress in the fight for divestment from Wall Street and the establishment of public banks. Since the historic Measure B campaign, with over 430,000 Angelenos voting yes to a Los Angeles public bank, our movement and work in California’s largest city has catapulted the public banking movement a generation forward.

In 2019, California Public Banking Alliance, a statewide group Public Bank Los Angeles helped to found, sponsored and spearheaded the landmark Assembly Bill 857, empowering California cities, counties and regions to form their own public bank, banks that would be 100% accountable to local communities, not Wall Street. AB 857 was made law and opened the way for Los Angeles to start a bank without a ballot measure.

In response to the COVID-19 crisis, we have worked tirelessly to push forward public banking as a necessary part of an equitable recovery. We made strides towards establishing a state-level public bank with AB 310, and will be reintroducing the bill with lead author Assemblymember Miguel Santiago this year. In the few weeks of the bill’s launch, we secured support from over 80 organizations including labor and national groups, along with the commitment of State Treasurer Fiona Ma and State Controller Betty Yee to work with us in the upcoming legislative session. Up and down the aisle, and through to the Governor’s Office, public banks are seen as a key part of achieving equitable, broad-based, democratically-led progress in our State.

We are now re-focusing our efforts locally here in Los Angeles, including both the City of Los Angeles and the cities and areas within the broader LA area.

On Tuesday, February 23 at 6pm we will host a Zoom town hall to strategize and organize towards our goal of establishing a public bank in Los Angeles in 2021. Now is our moment to make history with the creation of the People's Bank.

Register in advance for the Public Bank LA Town Hall meeting: https://zoom.us/meeting/register/tJ0tcO2qrTwqHtMsMKWaIJsJSaytSg6YQtlI

We look forward to seeing everyone, reconnecting, re-energizing, and building towards intergenerational progressive social change.

Reinvest. Rebuild. Recover.
Public Bank LA

 

Lend your skills and talents to put an end to Wall Street greed and join the historic efforts to create the Public Bank of Los Angeles and the first municipal public bank in the nation! 

Fill out our Organizer Form.