2016 House Bill 5833

Authorize state bank and deficit spending

Introduced in the House

Sept. 8, 2016

Introduced by Rep. Martin Howrylak (R-41)

To create a state-run bank that would be authorized to engage in regular banking, and required to make loans to a variety of specified special interests, government entities, government business subsidy recipients and more. Any state “surplus” funds would have to be deposited in this bank.

Referred to the Committee on Financial Services