S736
An Act to establish a Massachusetts public bank
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposes to create a Massachusetts Public Bank, a financial institution owned by the state rather than private investors. The goal is to provide financial services to state agencies and local governments, reinvesting profits back into the Massachusetts economy and supporting community development. Supporters argue this model could offer more stable and equitable financial services compared to traditional banks. The bill is currently in the legislative process, with scheduled hearings and study orders.
Sponsors
Official sponsors from legislative records.
Primary sponsor
James B. Eldridge
Cosponsors
James B. Eldridge
Joanne M. Comerford
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