Louisiana House Bill HCR111 Introduced to Study the Creation of a State-owned Bank

Louisiana House Bill HCR111 Introduced to Study the Creation of a State-owned Bank • June 7, 2010

Sponsor: M. Jackson

BILL NUMBER: HCR111

Banks/Banking: Requests the Office of Financial Institutions to study the creation of a state-owned bank

To urge and request the Office of Financial Institutions to study the feasibility of creating a state-owned bank and report any findings or recommendations to the legislature prior to the start of the 2011 Regular Session of the Legislature.
WHEREAS, the banking industry is a vital component to the economy in the state of Louisiana; and
WHEREAS, the state of North Dakota has established a state-owned and state secured bank; and
WHEREAS, additional states may also be exploring the idea of creating a state owned bank; and
WHEREAS, a state-owned bank could provide opportunities for additional revenue for the state of Louisiana.

Bill Summary: HCR111 Summary
Bill Text: HCR111 Text

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2 Responses

  1. So where can i find a financial institution that is not part of the banking cartel from hell..are there any?
    can I get a credit card form an American owned bank that wont be attacking me?

  2. One can buy Certificates of Deposit at the state-owned Bank of North Dakota.

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