(July 13, 2020) – Mike sent the below letter to Assemblymember Miguel Santiago today, announcing Mike’s support for AB 310, which would create a public bank in California.
Public banking is a great way to expand economic opportunities in our neighborhoods and to support local businesses in underserved communities. Mike’s letter applauded the recent introduction of AB 310, which will take the first step in creating the California State Public Bank.
Last year, the city council voted in support of creating a public bank in Los Angeles. While a change to state law is needed before we are able to move forward with our local effort, AB 310 and the effort to create a state public bank represents tremendous progress toward achieving the good that can come from public banking.
Thank you, Assemlymember Santiago for proposing AB 310.
Read Mike’s full letter below.
AB 310 Support Letter-2