California is currently being squeezed from every direction, from budget deficits to a statewide housing crisis, and nowhere near enough financing to repair infrastructure or build the affordable homes our communities urgently need. Meanwhile, billions of public dollars sit in and enrich Wall Street banks that have no obligation to serve California’s priorities.

The California State Public Bank (AB 2243), authored by Assemblymembers Matt Haney and Ash Kalra, begins planning for a state public bank by establishing a State Bank Commission and directing development of an independent State Bank Plan. The plan will lay out how California could establish a state public bank, including the option of building on existing public financing infrastructure like IBank.

This wholesale model would cut borrowing costs and expand financing by partnering with community lenders, CDFIs, credit unions, and community banks — and future local public banks. Every $1 of public capital can support up to $10 in lending for affordable housing, climate resilience, infrastructure, and small-business growth.

That’s how we reroute billions of dollars away from Wall Street profits and back into California communities.

For too long, public dollars have flowed through private institutions that profit off our needs. California can lead the country by building public banks designed for the public interest, people, communities, and the planet.

Advocacy brief
State bank brief

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Join a growing coalition of over 130 organizations in endorsing the CA State Bank (AB 2243)! 

350 Sacramento
Active San Gabriel Valley
Alliance of Californians for Community Empowerment (ACCE)
Alliance for Democracy
American Federation of State, County and Municipal Employees (AFSCME), AFL-CIO
Asian Business Association, Inc.
Asian Business Association of Silicon Valley
Asian Journal Publications
Asociación de Emprendedor@s Association for Enterprise Opportunity
California Alliance for Community Energy
California Association for Micro Enterprise Opportunity (CAMEO)
California Conference of Machinists
California Democratic Party Delegates - 66 signees statewide
California Faculty Association SFSU
California Federation of Teachers -- CFT--A Union of Educators & Classified Professionals, AFT, AFL-CIO
California Public Banking Alliance (CPBA)
California Solidarity Economy Network (CalSEN)
California State University Employees Union, SEIU 2759
California Teachers Association
California Teamsters
California YIMBY
Center Against Racism and Trauma
Change Begins With ME
Climate Action California
Cloverdale Indivisible
Coastside United Indivisible
CODEPINK Sonoma County
Cooperation Humboldt
Courage California
DEEP San Diego
Democracy Collaborative
Dēmos
Destination Crenshaw
East Valley Indivisibles
Economic Security California Action
End Poverty in California (EPIC)
Faith in Action East Bay
Fossil Free California
Friends of the Earth
GLIDE
Golden State Opportunity 
Green Party of California
Green Party of Humboldt County
Green Party of Santa Clara County
Human Agenda
Inclusive Action for the City
Indivisible California: StateStrong
Inland Congregations
Indian Valley Indivisibles
Indivisible Alta-Pasadena
Indivisible Antelope Valley
Indivisible Auburn CA
Indivisible Beach Cities
Indivisible CA 45
Indivisible CA-25 Simi Valley-Porter Ranch
Indivisible Claremont/Inland Valley
Indivisible East Bay
Indivisible El Dorado/El Dorado Progressives
Indivisible Elmwood
Indivisible Euclid
Indivisible Inland Empire
Indivisible Marin
Indivisible Media City Burbank
Indivisible Mendocino Coast
Indivisible Mid-Peninsula
Indivisible Novato
Indivisible Petaluma
Indivisible Redlands
Indivisible ReSisters Contra Costa
Indivisible Sacramento
Indivisible San Bernardino
Indivisible San Jose
Indivisible San Pedro
Indivisible Santa Barbara
Indivisible Santa Cruz County
Indivisible Sausalito
Indivisible SF
Indivisible SF Peninsula and CA-14
Indivisible Sonoma County
Indivisible South Bay LA
Indivisible South County
Indivisible Stanislaus
Indivisible Tri-Valley
Indivisible Ventura
Indivisible Westside L.A.
Indivisible Yolo
Job Guarantee Action Project
Joyful Warriors Eureka
Lakewood Indivisible
Livermore Indivisible
LoopWorks Los Angeles Indivisible
Media Alliance
Mountain Progressives
Move LA
Natural Resources Defense Council (NRDC)
North Coast Progressive Alliance
Orchard City Indivisible
People for Public Banking Central Coast
PICO California
PODER SF
Poor People's Campaign, Sacramento
Public Bank East Bay
Public Bank Fresno
Public Bank Los Angeles
Public Bank Sacramento
Public Bank San Diego
Sacramento Area Congregations Together (SacACT)
Sacramento Climate Coalition
San Diegans for Justice San Francisco Public Bank Coalition
Santa Clara County Democratic Party
Santa Cruz Climate Action Network
SFV Indivisible
Small Business Majority
Sonoma County Democratic Party South Bay Progressive Alliance Southern California Black Chamber of Commerce
Starting Over Strong
Sunrise Bay Area
The Academy of Financial Education
The Greenlining Institute
The Resistance Northridge Indivisible
Third Act Sacramento
Third Act SoCal
Tuolumne County Indivisible
TWW/Indivisible - Los Gatos
United Food and Commercial Workers International Union (UFCW)
United Parents and Students
U.S. Solidarity Economy Network (USSEN)
Vallejo-Benicia Indivisible
Venice Resistance
Vision Culture Foundation
Wellbeing Economy Alliance California
Western Center on Law and Poverty
Women Democrats of Sacramento County
Women's International League for Peace and Freedom US (WILPF US)
Yalla Indivisible