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Steve Seuser published DC Government Releases Public Bank Feasibility Study in Blog 2020-09-13 21:15:10 -0400
Press Release: DC Government Releases Public Bank Feasibility Study
The D.C. Department of Insurance, Securities, and Banking released its long awaited feasibility study on public banking undertaken in 2018. The report details needs faced by D.C. residents, businesses, neighborhoods, and other stakeholders, covering Affordable Housing, Public Infrastructure Financing, Student Loans, Small Businesses, Non-Profits, Environmental and Sustainability, Business and Economic Development, and Consumer Issues. It also explores legal, financial, regulatory, and governance challenges to establishing and operating a public bank in the District.
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Sign the petition
Let the DC Council and Mayor know you support establishing a DC public bank to invest in our economy and create jobs, affordable housing, and small businesses, and provide an alternative to Wall Street banks. Help build a better city for us all by signing the petition and ask your friends to sign.Add signaturePETITION IN SUPPORT OF A DC PUBLIC BANK
We, the undersigned, call on the Mayor and the City Council to create a public bank for the District of Columbia that would:
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Require our tax dollars be deposited in the DC Public Bank and not put at risk by private Wall Street banks making speculative investments
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Make loans in partnership with local lenders to support DC businesses and create jobs for DC residents
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Reduce the city’s borrowing costs for public investments that improve our quality of life
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Help build an environmentally sustainable DC
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Lend funds for affordable housing
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Establish lending priorities based on regular input from DC residents
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Steve Seuser
25 years of experience working with the public, private and nonprofit sectors in affordable housing, renewable energy, economic development, and finance. Steve serves as a Steering Committee member of the DC Public Banking Center. Steve also worked with D