(Archive) 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 preparing to reconvene next week, for what could be the last time this year.

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 next week, they need to hear from you. Urge them to pass the “New York Public Banking Act” – a groundbreaking bill that creates a pathway for cities and counties to create public banks and get public money out of Wall St. banks, which systematically harm New Yorkers and our neighborhoods, fund fossil fuels and other destructive industries, and exploit crises at public expense.

Take Action:

Call NY Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie today. Urge them to pass the NY Public Banking Act (S5565C / A9665D), because public money should be used for the public good — now more than ever. Click here to call them today!

Learn More About Public Banking:

• Check out publicbanknyc.org
• Follow the Public Bank NYC coalition on Twitter and Facebook
• Read the coalition’s recent testimony before the NYS Assembly