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.
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