To provide for the Federal charter of certain public banks, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To provide for the Federal charter of certain public banks, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Labor, Energy.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H2E57968B961D4402BEF9C75D68CD7991: 1. Short title; table of contents This Act may be cited as the Public Banking Act of 2023. The table of contents for this Act is as follows:
- Section H735C1870E3CB45838560D8214F4C6D89: 2. Definitions In this Act: The term Board of Governors means the Board of Governors of the Federal Reserve System. The term Commission means the Securities...
- Section HBBEA7A9EC2E340238759D7CDFA24EF62: 101. Federal charter of public lending banks and public payment banks The Board of Governors shall charter public lending banks and public payment banks. In...
- Section H9DE5C5E764CF4AC0B629C15C8D6083BE: 102. Federal recognition of non-federally chartered banks The Board of Governors shall issue certificates of Federal recognition to non-federally chartered...
- Section HB51DAA835B234AC39692A5C0931B7B31: 103. Federal Reserve System membership A covered bank shall be eligible for membership in the Federal reserve system as a public member bank and, except as...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To provide for the Federal charter of certain public banks, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Labor, Energy
Primary Purpose
This bill, To provide for the Federal charter of certain public banks, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMs. Tlaib (for herself, Ms. Ocasio-Cortez, Ms. Pressley, Ms. Lee …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "secretary_of_labor"
- → Secretary of Labor
- "secretary_of_treasury"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
a covered bank that is wholly owned and controlled by— a Tribal government, including a unit of local Tribal government, or Tribal government agency
a person that is— wholly owned and controlled by an entity described in section 101(b)(1)
a person that— is wholly owned and controlled by an entity described in subsection (b)(1)
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology