H.R. 6775, known as the “Public Banking Act of 2023,” aims to establish a federal framework for chartering and recognizing public banks in the United States. The bill outlines regulations for these banks, emphasizing community involvement, democratic governance, and...
Simple Explanation
H.R. 6775 is a plan to help create special banks called public banks that focus on helping people and taking care of the planet. These banks can also team up with the post office to make banking easier and fairer for everyone, especially people who need extra help.