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Proposal Details

Proposal ID	1002
Proposal	2020 Platform Amendment: Chapter IV, Section I 15 Public Banking
Presenter	Platform Committee Sponsor: Banking and Monetary Reform Committee
Floor Manager	Gloria Mattera
Phase	Closed
Discussion	02/10/2020 - 03/08/2020
Voting	03/09/2020 - 03/15/2020
Result	Adopted
Presens Quorum	34 0.6666
Consens Quorum	51 0.6666 of Yes and No Votes

Background

eThere is no current language on this issue in the platform.

Proposal

Amend Chapter IV, Section I, Insurance and Banking by adding a new paragraph 15.

15. Public Banking - We support Public Banking consistent with the 'Greening the Dollar' plank - that is, that the power to create money no longer resides with banks, private or public. We support the expansion of state and municipal public banking based on the model of the Bank of North Dakota, which does not create money when it lends, but lends only funds already deposited with the bank.

Resources

Approval of this proposal will amend the 2018 GPUS Platform.

Contacts:
Platform Committee: platcom@gp.org; Co-chairs Bruce Hinkforth, Tim Willard
Banking and Reform Committee: BMRC@gp.org; Co-chairs: Rita Jacobs, Howard Switzer

References

None

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