100 signatures reached
To: U.S. Congress
Support Public Banks for COVID Recovery
Support the use of federal stimulus funds to capitalize a network of state and municipal public banks.
These public banks will:
*Invest in public services and infrastructure, saving money and reducing the tax burden on citizens.
*Partner with community banks and credit unions so they can continue to make loans to families and small businesses.
*Create a sustainable stream of revenue for emergency funding so we can be better prepared in the future.
These public banks will:
*Invest in public services and infrastructure, saving money and reducing the tax burden on citizens.
*Partner with community banks and credit unions so they can continue to make loans to families and small businesses.
*Create a sustainable stream of revenue for emergency funding so we can be better prepared in the future.
Why is this important?
This economic shutdown will have major long-term impacts on employment, government revenues, and our collective ability to recover. Public banks can be an engine for a just and sustainable recovery, bringing money into communities and not corporations.