Glossary/PMA

Glossary | Groups | PMA (Public Money Action)

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Public Money Action (PMA) is a Delaware-chartered non-profit corporation with 501(c)(4) social welfare status. It was founded and commenced operations in 2021.

Its mission is promote social welfare through progressive monetary and economic reform.

It is the sister-organization of the MMT Project (MMTx) and the Modern Money Network (MMN), responsible for policy development, political advocacy, and legislative lobbying.

It has made various federal and sub-federal legislative and regulatory interventions, including:

Legislation

• Federal Job Guarantee Resolution (Website)
• The Public Banking Act
• The Automatic Boost to Communities (ABC) Act (Website)
• The Electronic Cash and Secure Hardware (ECASH) Act (Website)
• The Stablecoin Tethering and Bank License Enforcement (STABLE) Act
• The Living Wage for Musicians Act
• Oregon H.B. 4155 (Infrastructure Financing Study)
• Oregon H.B. 2763 (Establishing a Public Banking Task Force)

Campaigns

• #MintTheCoin (Avoiding Debt Ceiling Crisis via Seigniorage)
• Paying for the Green New Deal
• Local Bailout for the Many (Federal Fiscal Support to State & Local Governments During COVID-19)

Comments

• Regulatory Recommendations to the CFPB’s Inquiry into Big Tech Payment Platforms

Testimony

U.S. House Financial Services Committee

• Carrillo (2023), Digital Dollar Dilemma: The Implications of a Central Bank Digital Currency and Private Sector Alternatives
• Carrillo (2022), 'What's in Your Digital Wallet? A Review of Recent Trends in Mobile Banking and Payments
• Grey (2021), [https://rohangrey.net/files/testimony-6-15-21-written.pdf Digitizing the Dollar: Investigating the Technological Infrastructure, Privacy, and

Financial Inclusion Implications of Central Bank Digital Currencies]

• Carrillo (2021), Preserving the Right of Consumers to Access Personal Financial Data
• Carrillo (2020), License to Bank: Examining the Legal Framework Governing Who Can Lend and Process Payments in the Fintech Age

Oregon Legislature

• Grey (2024), H.B. 4155 (Establishing Public Banking Task Force)
• Grey (2022), H.J.R. 205 (Amending State Constitution to Permit Public Banks)
• Grey (2021), H.B. 2743 (Establishing a State Bank)