Category: CalAccount

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Event Wrap-Up – CalAccount Statewide Town Halls

CalAccount February 2024 Town Hall Report

Hundreds of CalAccount supporters took the time to passionately document the extreme hardships that working class Californians face due to the absence of affordable financial services. They arrived at three town halls convened in late February by the California Treasurer’s Office in Fresno, Oakland, and Los Angeles to gauge support for this innovative solution that will dramatically improve the lives of the unbanked and underbanked. 

These town halls drew grassroots community leaders, business leaders, experts in financial services access, labor leaders, and workers. All testified to the overwhelming need for a no-fee, no minimum balance, no overdraft fee account overseen by the State of California.

Facilitated by the CalAccount Executive Director, Cassandra DiBenedetto, town hall participants provided powerful testimony supporting the need for the program. Public participation is required to be included in the final report by RAND, the firm conducting the CalAccount Market Study for the Treasurer’s Office.  

Visit the California Public Banking Alliance YouTube page to view video clips from the town halls. 

To watch the full video recordings of the CalAccount Town Halls, visit the CalAccount Blue Ribbon Commission page on the State Treasurer’s website.

FRESNO

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The first town hall kicked off in Fresno, where numerous Central Valley leaders addressed issues such as access to banking services, banking deserts, and the high fees faced by Latino, African-American, and Native American constituents.

David Mendoza, Project Director, Fresno Native American and Business Development Center. “Native communities have the highest percent of being unbanked, between 16 and 22%!  I wholeheartedly support CalAccount and hope to collaborate further to make this program a reality.”

Maria Maldonado, Statewide Director for California Fast Food Workers Union:  “Most checking accounts require either a monthly fee or a minimum balance, or both.  What do you think the average minimum balance is to avoid paying a fee? About $500, a little more than the $450 that is the average paycheck fast food workers earn in a week.“ 

Other leaders who spoke in Fresno: 

Samuel Molina, CEO and Founder of The Academy of Financial Education;  
Eric Payne, Executive Director of Central Valley Urban Institute;
Aliyah Shaheed, Bay Area Organizer of Rise Economy.

OAKLAND

     

In Oakland, community leaders, financial access experts, and workers voiced their support for CalAccount, emphasizing its viability and the urgent need for the program.  

Theresa Rutherford, President, SEIU 1021, and member, Executive Board, SEIU International: “Our aim and our goal is to make sure all workers can access good benefits. CalAccount creates access and generational wealth. We know banking is important to any worker being able to move forward in their day-to-day lives. I have co-workers who are not able to do basic things like rent a car, stay at a hotel, or even buy gas.” 

Dr. Nari Rhee, Director, Retirement Security, Berkeley Labor Center: “California has several examples of successful financial service programs where the state stepped in to meet a need that wasn’t being served by the market…

These programs deliver value to workers and consumers in three ways: First, they fulfill an unmet need that the private market either isn’t interested in serving or doesn’t serve very well. Second, they bundle together a large number of consumers, which means stronger bargaining power with financial institutions than we have as individual consumers. Third, they combine private administration with public oversight. All of this means a higher quality product at a lower cost.”

Varun Gupta, Chief Financial Officer, MoCaFi:  “This is a great initiative. We have worked with San Diego, LA, and other communities to make financial products more accessible. The most critical factor for the financially vulnerable unbanked and underbanked is a lack of access. This could change the lives of people and bring them financial stability.  Imagine the psychological benefit of not having to look over your shoulder because you are carrying cash. It’s an upside-down system where poor people are paying all the fees and people like me are getting all the benefits.  

Wesley Alexander, CEO of CoBiz Richmond, a business incubator for students, small business owners, and new immigrants in Richmond California: “During COVID, hundreds of businesses closed because they did not have a bank account or financial history or a relationship with a bank. This is a very, very important endeavor for people to have access. Just because you are unbanked does not mean you are untalented or can’t be a good citizen in your community.” 

Sylvia Chi, Senior Policy Analyst and Attorney, Just Solutions, SF Public Bank Coalition, California Public Banking Alliance: “Folks may have heard the federal government is proposing rules to limit overdraft fees. Banks are resisting the proposed rule, and are likely to litigate against it. In the past, when one type of fee is limited, they come up with a new type of fee. When Congress imposed limits on swipe fees on debit cards in 2010, banks increased monthly maintenance fees… In conclusion, Californians need what CalAccount offers, a fee-free way to access their money and a guarantee it will stay fee-free.”  

Rick Girling, retired public school teacher, SF Public Bank Coalition, Communications Director, California Public Banking Alliance: “I recently was charged a $35 overdraft fee. I had the money in my account and was pissed, but for those who live paycheck to paycheck, a $35 fee is devastating.” 

Other speakers in Oakland included: 

Emily DiVito, Deputy Director, Corporate Power, Roosevelt Institute; 
Brandon Dawkins, VP of Organizing, SEIU 1021; 
Jennifer Esteen, Board co-chair, Public Bank of East Bay;
Brandon Greene, Policy Director, Western Center on Law and Poverty;
Loraina Flores-Martinez, Associate Director of Partnerships, MyPath;
Noel Knowles, MyPath; 
Stacy Pourfallah, Financial Specialist, International Rescue Committee.

Workers and Community members:

Guillermina Calvo, Josefina Ramos, Claudia Romero, Romualda Alcazar, Dulce Escalante, Guadalupe Sanchez, Julisa Villa, Dilia España, Samantha Alamo, Beatriz Avila, Massiel Picado

LOS ANGELES

The third and final town hall wrapped up in Los Angeles on February 23, where community leaders, labor leaders, immigrant advocates, anti-poverty organizers, academics, and workers spoke about their experiences with unfair banking practices. The speakers stressed the need for a state-run bank account free from charges or penalties.

David Green, President and Executive Director, SEIU 721: “As a social worker, LA County Child and Family Services, I met dozens if not hundreds of Californians who lack access to affordable financial services. The state can remove an unnecessary roadblock to communities that have borne the brunt of being excluded from the financial system. With CalAccount our state will emerge stronger and more inclusive than ever before.”

Toya Vick, peer Support Specialist and Organizer, Participatory Defense of the Inland Empire: “I am here representing the underserved communities of formerly incarcerated individuals, seniors, and children. This will help integration of formerly incarcerated individuals into society. They often lack traditional IDs needed to open a bank account or establish a line of credit. Banks don’t accept incarceration IDs. When they are able to open accounts they are hit with maintenance fees, overdraft fees, or other junk fees, causing them to have to close their accounts, miss paying bills, and further destabilize their lives.. When they have to go to an ATM outside their network, they have to pay fees of $3.50 up to $8.00 for each transaction.”

Elba Serrano, East LA Community Foundation: “We work with low-income immigrants, and they have a lot of stressful experiences with banks. They are charged fees or have accounts closed and be listed in Chex Systems, making it harder to open another account. I have been to the bank on payday and seen people waiting in line for hours to talk with the one banker who speaks Spanish, letting other people go in front of them.  We work with street vendors, Mariachis, they operate in cash, they are vulnerable, they get robbed, and they lose out on business because they can’t accept Zelle.”

Andy Winnick, Professor of Economics and Statistics, CSU-Los Angeles (retired): “If people don’t have a bank account, they have a problem. They have to pay in cash or pay 8-10-12% of money for a check. They face safety issues and the time-mismatch of getting paid weekly, but paying bills monthly; how can they keep their money safe until they can pay bills?  They also face problems with discrimination. We have many studies that show black, Latino, also single mothers who are discriminated against in the banking system. During COVID, we wanted to send benefit checks. Middle class, most white people got money deposited directly into their accounts. We tried to get checks to other people, but without bank accounts, they had no way to cash them without losing 8-12% off the top. 50,000 people in the LA area are unhoused, and very vulnerable to safety issues if they don’t have a bank account.  CalAccount could help people save more money, could actually reduce homelessness.”

Trinity Tran, Co-Founder, Public Bank LA, California Public Banking Alliance: “When people are able to hold onto their money instead of spending it on expensive fees and interest chargesthis boosts the economy. CalAccount would free up funds for low-income households to spend on goods and services, stimulating economic activity, and leading to job creation across various sectors. A 2021 study by HR&A Advisors pointed to exactly that. They found that by redirecting spending away from bank interest and fees, keeping hard-earned dollars in the pockets of Californians, the CalAccount program would serve 3.5 million individual workers in California resulting in $3.3 billion in savings for low-income households, creating 22,000 jobs and boosting the California economy by over $4 billion. Financial inclusion will add billions to strengthen California’s economy.” 

Other leaders who spoke in Los Angeles included: 

Luz Castro, Associate Director of Policy, Inclusive Action for the City;
Eunbi Kim, Community Bank Fraud Prevention Analyst;
Jay Miller, Lead, Inland SoCal BankOn Coalition;
Beverly Roberts, Co-Chair Home Defenders League, ACCE Los Angeles;
Javier Sarmiento, Co-chair Home Defenders League, ACCE Los Angeles;
Jasmine, Base Builder;
Doni Tadesse, Southern California Organizer, Rise Economy;
Julia Ornelas, Program Manager, Rise Economy;
Lovoy Mejia, Entrepreneur, Public Bank LA;
Erika Toriz-Kurkjian, Founder, Executive Director, Haven Neighborhood Services;
Emily Dibiny, Ground Game LA.

Workers and Community members:

Sabina Gutierrez, Jose Loubert; Yolanda Lopez; Angelica Hernandez; Felicitas Ortega; Marta Flores, Mysheka Ronquillo; Patricia Meza; Vicenta Diaz; Laura Salceda; Imelda Padilla; and
Manuela Saldana.

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CalAccount LA Town Hall Featured in La Opinión

CalAccount was featured in La Opinión, the US’s largest Spanish-language paper. Fast food workers and community leaders gathered at the CalAccount Town Hall in Los Angeles. They shared experiences with unfair banking practices and spoke to the critical need for universal banking access in CA.

Read the coverage in La Opinión: Revolución bancaria en favor de los más vulnerables (Banking revolution for the most vulnerable).

Article excerpt: Trinity Tran, co-founder of Public Bank LA/CA Public Banking Alliance stated that, to achieve the enactment of the California Public Banking Choice Act (AB 1177), also known as CalAccount, they worked with the Council State of the Service Employees International Union (SEIU), Rise Economy, in addition to the support of community groups throughout the state.

The bill created the CalAccount Blue Ribbon Commission, which was formed in September 2022. The commission is responsible for overseeing consultants to complete a market analysis of the CalAccount program, through which the feasibility, need and costs of implementing the CalAccount program.

“That report is already underway, which is why it’s so important to hear people’s stories about unfair banking practices and the harmful impact the current banking system has on communities and working families in Los Angeles [and across the state ],” Tran said.

Testimonials from banking users will help build the case for why it is crucial for California to create the CalAccount banking program and provide free essential banking services to all Californians, regardless of their financial or immigration status.

“This is a historic effort to create the first nationwide state program for universal banking services,” said Trinity Tran.

Trinity Tran, cofundadora de Public Bank LA/CA Public Banking Alliance declaró que, para lograr la promulgación de la Ley de Opción de Banca Pública de California (AB 1177), también conocida como CalAccount, trabajaron con el Consejo Estatal del Sindicato Internacional de Empelados de Servicios (SEIU), Rise Economy, además de contar el apoyo de grupos comunitarios de todo el estado.

El proyecto de ley creó la Comisión Blue Ribbon de CalAccount, que se formó en septiembre de 2022. Dicha comisión es responsable de supervisar a los consultores, para completar un análisis de mercado del programa CalAccount, a través del cual se evaluará la viabilidad, la necesidad y los costos de implementar el programa CalAccount.

“Ese informe ya está en marcha, por lo que es tan importante escuchar las historias de la gente sobre las prácticas bancarias injustas y el impacto dañino que el sistema bancario actual tiene en las comunidades y familias trabajadoras de Los Ángeles [y de todo el estado]”, dijo Tran.

Los testimonios de los usuarios del sistema bancario ayudarán a desarrollar el caso sobre el por qué es crucial que California cree el programa bancario CalAccount y brinde servicios bancarios esenciales gratuitos para todos los californianos, independientemente de su situación financiera o migratoria.

“Este es un esfuerzo histórico para crear el primer programa estatal a nivel nacional para servicios bancarios universales”, precisó Trinity Tran.

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CalAccount 2024 State Treasurer Town Halls

 

Join the movement for free banking in California! The State Treasurer’s Office is hosting Town Halls to address the financial services gap affecting low-income Californians. Your voice matters!

FRESNO: Tuesday, Feb 20, 1:00 pm High Burns State Building 2550 Mariposa Mall, Fresno, CA 93721 – Event Flyer 

OAKLAND: Thursday, Feb 22, 1:00 pm Elihu M Harris State Building 1515 Clay Street, Oakland, CA 94612 – Event Flyer

LOS ANGELES: Friday, Feb 23, 1:00 pm Department of Financial Protection and Innovation 320 W 4th Street, Los Angeles, CA 90013 – Event Flyer

Background:  One in four Californians are unbanked or underbanked, meaning they lack access to basic financial services, like checking and savings accounts, that are essential to financial stability. In 2021, California took an important step to ensure that all residents have access to free basic banking services with the passage of AB 1177 which created the CalAccount Blue Ribbon Commission. The Commission and Treasurer’s Office are now tasked with conducting an analysis and the best way to implement the CalAccount program, a fee and penalty-free financial services program. For more information on the CalAccount program and the hundreds of community and labor organizations united to make it a reality, please visit calaccount.com.

Join us to provide testimony and help demonstrate the need for a fee- and penalty-free option for all Californians, regardless of their financial or immigration status. Share your experiences and make a difference!

Don’t miss this opportunity to help close the financial access gap. We look forward to your participation in bringing free banking to all Californians.

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commission

Commission Moves CalAccount Closer to Reality

The CalAccount program is moving forward. The Commission met June 21st and is preparing to contract with a vendor to work with community groups and the Commission to explore what the community needs from the new program and how best to meet their needs.

Workers and community members from KIWA (Korean Immigrant Workers Association), the Fast Food Workers Union, Fight for $15, Indivisible Yolo, and Rise Economy joined other organizations and community members to show support for the CalAccount program.

Read our August 2023 Legislative Briefing.

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urgentaction

Urgent Action to Support Free Banking In California!

CAL
ACCOUNT

Thanks to your support in 2021, we successfully advanced the California Public Banking Option Act (AB 1177) toward implementation. This crucial bill aims to address financial exclusion among unbanked and underbanked Californians. Today, we are reaching out to you to request your support for an important matter.

AB 1177 seeks to establish the CalAccount program that will provide free essential financial services to individuals with limited or no access. Services like check cashing, bill payment, and debit card functionality will be offered by a state-administered bank account to improve financial security for marginalized communities.

We have been closely monitoring the CalAccount program’s progress and are concerned about the lack of transparency and community input in the bidding process to select a firm to conduct the market analysis. On June 21, the CalAccount Blue Ribbon Commission plans to select a contractor for the analysis, but the details and evaluation process have not been shared with the public.

Transparency is vital for building trust and effectively implementing the CalAccount program. We kindly request your support in signing a letter to California State Treasurer Fiona Ma urging a postponement of the contractor selection until community input and transparency are assured. This will allow the most impacted communities to review the process, share their experiences and expertise, and have an opportunity to express concerns.

Your endorsement of CalAccount AB 1177 is invaluable, contributing to a program that serves historically excluded individuals. To be included in our letter, please reply to this email (calpba@gmail.com) with your Name, Title, and Organization by 12pm PST, Tuesday, June 20.  If you prefer your organization to be removed from the endorsers’ list, kindly let us know. For individual supporters, please send us your full name and city.

Letter to CA State Treasurer and CalAccount Commissioners

If you would like to join us at the committee hearing, it will take place at the Paul Bonderson Building, 901 P Street Room 102, Sacramento, CA 95814 at 1:30 pm on Wednesday, June 21. The meeting agenda is here.

Interested members of the public may use this number to call in to listen to and/or comment on items before the Commission. Public Participation Call-In Number: (877) 411-9748 Access Code: 3790012.

Thank you for your ongoing support and commitment to financial inclusion for all Californians.

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unbanked

Helping the ‘unbanked’: California mulls entering banking business to serve disadvantaged consumers

In California, 81% of unbanked individuals earn less than $15/hr, hitting low-income families and people of color the hardest.

“We can’t create a stable economy when financially underserved households spend an average of 10% of their take-home pay in fees and interest, just to access their own money and pay bills,” Assemblymember Miguel Santiago said. “Creating a public option for banking and closing the racial wealth gap isn’t only a moral imperative, but it also creates greater financial security for all of our communities.”

This is where our CalAccount bill AB 1177, the CA Public Banking Option Act passed by the legislature in 2021, comes into play. By Summer 2024, a market analysis for the program will be completed, paving the way for a universal debit account for all Californians with zero fees or penalties.

Read the article on CalMatters.

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blueribbon

CalAccount Blue Ribbon Commissioners Confirmed

Great news over the summer! CalAccount, the statewide program to provide free financial services to the unbanked and underbanked, is moving ahead. We officially secured $2.7 million from the state budget to fund the CalAccount market analysis and Blue Ribbon Commission as required by AB 1177, the CA Public Banking Option Act, landmark legislation that we helped pass in 2021. Future funding for the programs will bring that total to over $4 million, as authorized by the State Treasurer and the Governor. Upon approval of the market analysis by the Senate and Assembly Banking committees, California will take another historic step when it rolls out the CalAccount program, making free checking accounts available to all Californians.

The CalAccount Commissioners have been appointed and are set to begin their work! Meet the 9-person board, chaired by State Treasurer Fiona Ma, tasked with determining the scope, feasibility, and costs of the program. The commission will issue a Request for Proposal for consultants to author the market analysis by July 2024, as required by AB 1177.

The first CalAccount commission meeting was held today. View the meeting agenda and stay tuned for the announcement on the second commission hearing.

CalAccount Blue Ribbon CommissionFiona Ma, California State TreasurerClothilde “Cloey” Hewlett, Commissioner of the Department of Financial Protection and InnovationPaulina Gonzalez-Brito, California Reinvestment Coalition, Public Banking AdvocateByron Lopez, SEIU 2015, Employee RepresentativeFather Gregory Boyle, Homeboy Industries, Economic and Racial JusticeMiguel Santana, Weingart Foundation, Consumer RepresentativeJames “Jim” HickenBanking ExpertFrank RobinsonBanking ExpertManisha Padi, UC Berkeley, Banking Expert – Academic Institution

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Governor’s Budget Blueprint Affirms California’s Commitment to Closing Financial Services and Racial Wealth Gap

Sacramento, CA – Members of the community coalition supporting the CalAccount program applauded Governor Newsom’s focus on ensuring all Californians have equitable access to financial services in the May Revision Budget proposal presented on May 13th for fiscal year 2022-23.

The May Revision budget allocates $4 million to complete the market analysis, the first step in the creation of the CalAccount program as required by the California Public Banking Option Act, AB 1177 (Santiago), signed into law in 2021. CalAccount guarantees all Californians a no-fee, no-penalty debit account, with no overdraft fees, no minimum balance requirement, automatic bill pay capacity and free ATM access at participating banks. After approval by the legislature, the CalAccount program would partner with financial institutions to close the widening wealth gap fueled by the exclusion of low-wage communities from basic banking services.

One in four California households are unbanked or underbanked, meaning they lack a bank account or pay a high price for basic financial transactions like cashing their paycheck.

Seventy-eight percent of unbanked households make less than $30,000 annually and 42% make less than $15,000 annually. Nearly half of all Black-identifying households and Hispanic-identifying households in California are unbanked or underbanked.

Assemblymember Miguel Santiago (D-Los Angeles), author of the California Public Banking Option Act,

“Thank you to Governor Newsom and Treasurer Ma for recognizing the urgency of analyzing a public banking option. This investment in the CalAccount market analysis will move California one step closer to providing public banking – no-fee, no-penalty banking – to all who want it. I look forward to working with the Legislature to ensure this funding is in the final budget.”

Glenis Murillo, a McDonald’s worker and leader in Fight for 15 and a Union,

“Free banking services make sure that Californians like me will be able to use our hard-earned dollars for food and rent, instead of paying banking fees. Too many Californians are living paycheck to paycheck but are having to pay hundreds of dollars each year just so that we can keep our bank accounts open. We are being penalized for being poor.”

Paulina Gonzalez-Brito, Executive Director, California Reinvestment Coalition,

“The state budget serves as a reflection of Californian’s priorities. The May budget revision affirms Gov. Newsom’s commitment to leveling the playing field and increasing opportunities for Black and Brown communities to participate in a financial system from which they’ve been historically excluded. We applaud Gov. Newsom’s decision to allocate resources to the California Public Banking Option Act, which should serve as a national model for other states looking to provide universal access to basic financial services.”

Trinity Tran, Lead Organizer and Political Director, California Public Banking Alliance,

“This is a major step for universal banking access which will be life-changing for millions of Californians facing barriers to basic banking from high-costs and predatory fees. With the $4M budget allocation, we hope to see CalAccount’s market analysis completed by 2023, enabling this vital program to move forward without delay.”

CalAccount.com

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california

California could soon have its own public banking service, under new law signed by Gavin Newsom

The Sacramento Bee – October 4, 2021. California set a course to offer the nation’s first zero-cost, public option platform for personal financial services, under a new law signed by Gov. Gavin Newsom. Assembly Bill 1177, authored by Assemblyman Miguel Santiago, D-Los Angeles, calls for the state to conduct a market analysis of a state-backed program that would give Californians a public option for banking services like debit cards. The study would aim to determine with that service would be viable within six years. The commission must complete the analysis by July 1, 2024. Then, the Legislature could decide whether to launch a public banking program.

Black and Latino families are more likely to lack access to commercial banks than white and Asian households, a trend that Santiago aims to reverse with a public bank. “Creating a public option for banking and closing the racial wealth gap isn’t only a moral imperative, but is necessary to foster greater financial security for all of our communities. This bill is a much-needed step to address the needs of the unbanked and underbanked and moves us closer to building a more equitable economy after the pandemic,” Santiago wrote in a statement urging lawmakers to pass his bill.

Read more at: https://www.sacbee.com/news/politics-government/capitol-alert/article254761472.html#storylink=cpy

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California Public Banking Option Act (AB 1177) Passes the State Legislature

September 10, 2021 – Rick Girling, Steve Sittig, Trinity Tran, California Public Banking Alliance.

Today the California State Legislature approved landmark legislation guaranteeing universal free banking access to all Californians. AB 1177 sets into motion the creation of the CalAccount program guaranteeing all California residents access to basic banking services without fees or penalties. The California Public Banking Option Act addresses the inequities in financial services acutely felt by communities that have been hardest hit by the pandemic and recession, inequalities such as discrimination, predatory lending, and vicious spirals of debt.

Californians are demanding banking reform because Wall Street banks have historically failed low-income communities of color. The State Legislature’s approval of AB 1177 paves the way for a banking system centered on people instead of profits. In just a few months, AB 1177 has garnered extraordinary support in the effort to assure that all Californians gain access to banking services. The California Public Banking Alliance, along with AB 1177 co-sponsors, SEIU California and the California Reinvestment Coalition, gained endorsements from over 230 labor, community, and environmental justice groups to extend financial services to unbanked and underbanked residents. This broad support paid off handsomely as the legislation moved through the State Legislature and now heads to the Governor’s desk.

A public option for essential financial services can replace exploitative alternatives to traditional banking, reducing the wealth gap and helping Californians to avoid catastrophic debt. As many AB 1177 supporters have explained, it’s very expensive to be poor. Minimum balance requirements, late fees, overdraft fees, higher interest rate charges for loans to the financially insecure, as well as check cashing and money order fees add up to substantial financial burdens placed on those least able to pay. As Mayron Payes testified to the State Assembly, “A lot of street vendors don’t have a banking relationship because of the high fees and couldn’t maintain the minimum balance. Many of them are operating on a cash basis and couldn’t open a bank account.” This law would provide a banking card to all residents who request one that will enable them to have access to free banking services essential to everyday living.

There is a broad basis of support for this needed financial reform. The state’s largest union, SEIU California with 700,000 members, is the primary proponent. Other labor unions such as the California Labor Federation and UFCW Western States Union have joined in. Community activist groups are showing strong support. Indivisible CA: StateStrong and 350.org chapters throughout the state are mobilizing their members to advocate for AB 1177. Environmental activists such as Friends of the Earth and Greenpeace International see the benefits of making financial services available to all.

California Public Banking Alliance (Co-Sponsor)
SEIU California (Co-Sponsor)
California Reinvestment Coalition (Co-Sponsor)
Action Center on Race and the Economy (ACRE)
Active San Gabriel Valley
Alameda County Democratic Party
All Rise Alameda
Alliance for a Just Recovery, Sonoma County
Alliance of Californians for Community Empowerment Action (ACCE)
Alloy
Asian Pacific Environmental Network (APEN)
Asian Pacific Islander Small Business Program
Bay Area Regional Health Inequities Initiative (BARHII)
Black Arts Movement Business District Community Development Corp. of Oakland (BAMBD, CDC)
Bay Area-System Change Not Climate Change
Beneficial State Foundation
Building the Base Face to Face
California Asset Building Coalition
California Association for Micro Enterprise Opportunity (CAMEO)
California Coalition for Worker Power
California Community Land Trust Network
California Democratic Party
California Democratic Party Delegates — 204 Delegates
California Employment Lawyers Association
California Labor Federation, AFL-CIO
California Low-Income Consumer Federation
California Progressive Alliance
California River Watch
Center for Farmworker Families
Center for LGBTQ Economic Advancement & Research (CLEAR)
City and County of San Francisco
City of Berkeley
City of Burbank
City of Long Beach
City of Los Angeles
Climate Protection and Recovery Fund
Cloverdale Indivisible
CodePink Women for Peace
Committee for Better Banks
Communities for a Better Environment (CBE)
Community Financial Resources
Community RePower Movement
Consumer Federation of California
Consumers for Auto Reliability and Safety
Contra Costa Move On
Converging Storms Action Network
Cooperation Humboldt
Cooperative Center Federal Credit Union
Courage California
Culver City Vice Mayor Daniel Lee
DSA Ecosocialists
Democratic Socialists of America, San Francisco
Democrats of the Desert
Dreams for Change
Duende Consulting
EcoChoices
El Cerrito Progressives
Feel the Bern Democratic Club, Los Angeles
Feel the Bern San Fernando Valley
Feminists in Action
Fight For 15
Fight for 15 LA
Fight for 15 NorCal
Fossil Free California
Fresno County Democratic Party
Friends Committee on Legislation of California
Friends of Public Banking Santa Rosa
Friends of the Climate Action Plan
Friends of the Earth U.S.
Green Lining Institute
Green Party Humboldt County
Green Party of Santa Clara County
Greenpeace International
Ground Game LA
Hanmi Bank
Haven Neighborhood Services
Hillcrest Indivisible
HOPE for All: Helping Others Prosper Economically
Housing and Economic Rights Advocates (HERA)
Hull Professionals
Inclusive Action for the City
Independent Indivisible
Indivisible 30/Keep Sherman Accountable
Indivisible 36
Indivisible 39
Indivisible 41
Indivisible 43
Indivisible 52
Indivisible Auburn
Indivisible Beach Cities
Indivisible CA -7
Indivisible California Green Team
Indivisible California: StateStrong
Indivisible East Bay
Indivisible Lorin
Indivisible Los Angeles
Indivisible Marin
Indivisible OC 46
Indivisible of Sherman Oaks
Indivisible Petaluma
Indivisible Sacramento
Indivisible San Bernardino
Indivisible San Diego — Persist
Indivisible San Francisco
Indivisible San Jose
Indivisible Santa Barbara
Indivisible Sausalito
Indivisible Sebastopol
Indivisible SF Peninsula and CA-14
Indivisible Simi Valley Porter Ranch
Indivisible Sonoma County
Indivisible South Bay
Indivisible South Bay LA
Indivisible Stanislaus
Indivisible Ventura
Indivisible Windsor
Justicia Digna
LA Forward
Lassen County Democratic Central Committee
Lawyers’ Committee for Civil Rights of San Francisco Bay Area
Liberty Tree Foundation for the Democratic Revolution
LITE Initiatives
Livermore Indivisible
Los Angeles Alliance for a New Economy (LAANE)
Los Angeles City Councilmember Kevin de León
Los Angeles City Councilmember Curren Price
Los Angeles City Councilmember Nithya Raman
Los Angeles County Democratic Party
Malonga Arts Residents Association
March and Rally Los Angeles
Marin Sunshine Realty
Mayor Pro Tem G. Muir Davis, City of La Verne
Mayor Robert Garcia, City of Long Beach
Mayor Tim Sandoval, City of Pomona
Mayor Jennifer Stark, City of Claremont
McGee-Spaulding Neighbors in Action
Media Alliance
Mendocino County Public Banking Coalition
Mendocino Women’s Political Coalition
Mill Valley Community Action Network
Mobility Capital Finance, Inc. (MoCaFi)
Mothers Out Front CA
Mountain Progressives
National Domestic Workers Alliance
NextGen California
New Economics for Women
North Bay Jobs with Justice
North Bay Labor Council
Northridge Indivisible
Occupy Sonoma Valley
Orchard City Indivisible
Orinda Progressive Action Alliance
Our Revolution Long Beach
Partnership for Working Families
Peace and Justice Center of Sonoma County
People for Public Banking Central Coast
PODER (People Organizing to Demand Environmental & Economic Rights)
Pomona City Councilmember John Nolte, District 1
Progress Noe Valley
Progressive Alliance of the Inland Empire
Progressive Asian Network for Action (PANA)
Prosperity Now
Public Bank East Bay
Public Bank Long Beach
Public Bank Los Angeles (PBLA)
Public Bank Pomona Valley
Public Banking Institute
Public Counsel
Public Law Center
Ready to Help LA
Renaissance Entrepreneurship Center River Watch
Romero Institute
Rose Foundation for Communities and the Environment
San Diego County Democratic Party
San Fernando Valley Young Democrats
San Francisco Berniecrats
San Francisco Board of Supervisors
San Francisco County Treasurer José Cisneros
San Francisco Public Bank Coalition
San Francisco Supervisor Dean Preston
San Jose Nikkei Resisters
San Mateo Labor Council
Sanctuary Santa Cruz
Santa Cruz Climate Action Network
Santa Cruz County Democratic Party
Santa Cruz Indivisible
SaverLife
SEIU 1021
SEIU 721
SEIU International
SFV Indivisible
Shoreline Study Center
Silicon Valley Rising Action
Sister-to-Sister 2
SoCal 350 Climate Action
Social Eco Education
Sonoma County Climate Activist Network (SoCoCAN)
Sonoma County Climate Mobilization
Sonoma County Democratic Party
Sonoma County Pachamama Alliance
South Bay Progressive Alliance
South Sacramento Seniors for Systemic Equality
SouthBayCan
Southern Poverty Law Center
Strategic Actions for a Just Economy
Strike Debt Bay Area
Sunrise Movement LA
Tehama Indivisible
Thai Community Development Center
The Climate Center
The Cobb Institute
The Future Left
The Greenlining Institute
Together We Will — San José
Together We Will Contra Costa
Together We Will/Indivisible — Los Gatos
UFCW (United Food and Commercial Workers) Western States Council
UFCW Local 5
UFCW Local 770
United Farm Workers
UXO Architects
Vallejo-Benicia Indivisible
Venice Resistance
We The People SD
Western Center on Law & Poverty
Wild Solar
Wilshire Center Koreatown Neighborhood Council
Women For: Orange County
Women’s Alliance Los Angeles
Working Group for Emergency Climate Action Now
Working Partnerships USA
Worksafe
Yolo Indivisible
350 Butte County
350 Chico
350 Conejo / San Fernando Valley
350 Marin
350 Silicon Valley
350 Sonoma
350 South Bay Los Angeles

Assemblymember Miguel Santiago, author
Assemblymember David Chiu, author
Assemblymember Ash Kalra, author
Assemblymember Alex Lee, author
Assemblymember Wendy Carillo, author
Assemblymember Eduardo Garcia, author
Assemblymember Mike Gipson, author
Assemblymember Lorena Gonzalez, author
Assemblymember Adrin Nazarian, author
Assemblymember Phil Ting, author
Assemblymember Buffy Wicks, author
Senator Maria Elena Durazo, co-author
Senator Ben Hueso, co-author
Senator Lena Gonzalez, co-author
Senator Josh Newman, co-author
Senator Scott Wiener, co-author
Assemblymember Laura Friedman, co-author
Assemblymember Luz Rivas, co-author
Assemblymember Reggie Jones-Sawyer, co-author

Originally posted on the California Public Banking Alliance’s Medium page.

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