Back in 2021, supporters from across the state helped pass the California Public Banking Option Act (AB 1177). Because of your support, the CalAccount Blue Ribbon Commission was created to explore how to bring no-fee, penalty-free banking to every Californian.
This past summer, the Commission released its report and the verdict was clear: CalAccount is not only feasible, it’s urgently needed. CalAccount is backed by CA State Treasurer Fiona Ma.
Now we’re entering the final phase. AB 1365 (Garcia), the bill to implement CalAccount, is moving forward in the State Legislature and will be heard in its first committee on April 21.
As part of the CalAccount Community Coalition, we invite you to join us on Wednesday, April 16 at 2pm for a quick campaign update and call to action.
You’ll hear from the CalAccount Program’s author Assemblymember Robert Garcia and AB 1365 co-sponsors California Public Banking Alliance,SEIU California, Rise Economy, FreeFrom, and the National Consumer Law Center about what’s next, how your organization can help move this forward, and how to be part of the historic campaign to create the nation’s first state-administered universal banking services program.
REGISTER HERE FOR THE APRIL 16TH CALL:
https://us06web.zoom.us/meeting/register/4mtbNvFgT8K5PhuN_0bsOA
Learn more:calaccount.com