Friday, January 22, 2010
Effort to Move New Mexico's Money to Local Banks Goes National!
This week I introduced a bill, House Bill 66, that would start the process of moving New Mexico's $1.4 billion main account (it's like our state's checking account) from Bank of America to community banks and credit unions around the state.
So far I've gotten great responses, and today the Huffington Post picked up the story. You can read it HERE.
If we succeed in moving our money, we will be able to make a HUGE investment in our state and in the community banks and credit unions that do so much for regular folks statewide. This investment by the state will greatly expand the access to credit that so many need and will also keep New Mexico's money in New Mexico, where it belongs.
Yuo can follow the progress of the bill HERE.