Official:Signifying the intention of the City of Philadelphia to organize the Philadelphia Public Banking Authority pursuant to authority established under state law, under certain terms and conditions.
Sponsor: Councilmember Green
Introduced: January 28, 2021
: Committee on Finance
Status: Lapsed
This bill was introduced in the 2020–2023 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 aims to establish a public banking system in Philadelphia, which would provide affordable credit to local businesses and help address economic disparities.
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