Skip to main content

Agora
Sign in

Local law · Int 0981-2026

The establishment of a task force to study options and make recommendations for a plan to implement a municipal public bank

New York City Council

Latest action Jul 16, 2026

Sponsor: Kevin C. Riley (Council Member, District 12, Democratic)

Official titleShow

A Local Law in relation to the establishment of a task force to study options and make recommendations for a plan to implement a municipal public bank

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

Follow

Following needs an Agora account. You will sign in first, then come back to this page.

From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Aug 1, 2026. About our data

Summary

This bill would create a task force to study the potential for a public bank sponsored by the city, recommend a draft plan of governance and charter requirements proposed under New York Senate Bill S.1754 for the year 2023, and issue a report on their findings. The task force shall consist of three members appointed by the mayor, one of whom shall be the commissioner of finance or their designee, one of whom shall be the commissioner of consumer and worker protection or their designee, and one of whom shall be a representative of a labor organization; three members appointed by the comptroller, one of whom must have community banking experience; and three members appointed by the speaker of the council, one of whom must be a representative of a small business association and one of whom must be a member of a community-based organization responsible for community development, economic development, and/or consumer protection. The chair of the task force shall be named from the speaker’s appointees. The task force final report shall be due no later than one year from its first meeting and disband 180 days after submission of the report.

Summary from NYC Council (Legistar). How we handle summaries

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Committee on Finance

Your position on this bill

Choose the position closest to yours. You'll sign in or create an account to save it.

Sign in or create an account to give your position

Cosponsors

13

Cosponsors in the order the New York City Council lists them.

  • Democratic12

Party is shown for the 12 cosponsors who are on Agora.

Shown in neutral colors by design; Agora is non-partisan.

Show the full list (13 names)
  • Public Advocate Jumaane Williams

Names without a link are in the official record but not on Agora.

Full history

  1. Jul 16, 2026

    Introduced

    This Introduction was Introduced by Council

    NYC Council

  2. Jul 16, 2026

    Referred to committee

    This Introduction was Referred to Comm by Council to the Committee on Finance

    NYC Council

Read the record