H1114
An Act to establish a Massachusetts public bank
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to create a Massachusetts Public Bank, a state-owned financial institution designed to serve the public interest rather than maximizing private profit. The bank would be managed by a board appointed by the Governor and Legislature, and its primary goals would include supporting local businesses, investing in community development projects, and providing affordable financial services. Proponents argue this bank could strengthen the state’s economy and provide a more equitable financial system.
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Primary sponsor
Cosponsors
Antonio F. D. Cabral
Danillo A. Sena
Natalie M. Higgins
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