Official:Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements", by revising the list of City depositories; under certain terms and conditions.
Sponsor: Councilmember Bass
Introduced: October 6, 2016
: Committee on Finance
Status: Lapsed
This bill was introduced in the 2016–2019 Council term and when that term ran out. The public record shows no committee vote and no floor vote at any stage, so no member of Council ever went on record for or against it.
That is not unusual here. Of the 8,465 bills introduced between 2000 and 2025, 1,624 lapsed without a single recorded vote. Ninety percent of bills that became law carry a roll call. Three percent of lapsed bills do. How this works.
This bill amends the City of Philadelphia's list of approved banks to hold city funds. The new list includes PNC Bank, United Bank of Philadelphia, and others, but removes Wells Fargo and some other previously listed institutions.
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