ACTION ALERT: Tell Albany to Pass the NY Public Banking Act!
Even before COVID-19 gripped our communities, New York faced extreme racial and economic inequality.
Now, against the backdrop of a pandemic that has further devastated low-income and Black and brown communities, the New York State Legislature is set to resume in January.
Action is needed to advance transformative strategies that not only help New Yorkers get back on their feet, but that also address deep structural inequities that have long plagued our city and state.
Enter public banks – owned by the people and established to serve the public good. Through public banking, New York can invest its money in permanently-affordable housing, living-wage jobs, renewable energy, and other critical community needs – as we build an economy that is rooted in racial and economic justice and ecological sustainability.
When legislators return in January, they need to hear from you. Tell them to pass the "New York Public Banking Act," a groundbreaking bill that creates a pathway for cities and counties to get our public money out of the Wall St. banks that systematically harm New Yorkers and our neighborhoods, fund fossil fuels and other destructive industries, and exploit crises at public expense.
Call NY Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie today and tell them to pass the NY Public Banking Act (S5565C / A9665D) because our public money should be used for the public good, now more than ever. Click here to call them today!
News & Updates:
12/4/20 - Letter from Rochester City Council to Majority Leader Stewart-Cousins and Speaker Heastie, in support of the New York Public Banking Act.
9/29/20 - City Limits: Council Bills Could Pave the Way for a Public Bank in NYC
7/30/20 - Letter from 15 NYC Council Members urging the NYS Legislature to pass the New York Public Banking Act.
7/21/20 - Letter from 55 organizations, from across New York State, urging the NYS Legislature to pass the New York Public Banking Act.
Learn More About Public Banking:
Check out publicbanknyc.org
Read the coalition's recent testimony before the NYS Assembly
Supporters of S5565C / A9665D, "The New York Public Banking Act":
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