Write your legislators here.
Read the letter that eight Portland City Councilors wrote in support of HB 2966.
From our friends at Cultivating Solutions: Oregon’s House Bill 2966 aims to establish a task force that will study and recommend options for public banking and other public financing solutions in our state. Publicly-owned financial institutions have a proven track record of reinvesting in affordable housing and community development, fostering growth and resilience in local economies.
Public financial institutions have the potential to address systemic inequities by prioritizing underserved communities, including low-income residents and minority-owned businesses, in their lending and investment practices. In addition, they ensure that public dollars are used to benefit the people they serve, offering greater oversight and alignment of financial activities with community needs.
States across the political spectrum—including Arizona, California, Pennsylvania, and Wisconsin—are exploring or implementing similar options. Let’s get this done for the good of all.