joining us live now to talk about the cal account, trinity tran, co-founder and lead organizer of california public banking alliance, trinity, thanks for joining us on this president's day. >> thanks for having me, kristen . >> so are we talking about a public bank or is it not a bank? now >> so the calico is not a bank. it doesn't establish a new bank. it's not a state owned bank. what it is it's a state program. it's a really historic effort because this is the first in the nation program to offer universal banking services. so it's a state program. it's a digital platform. it operates in collaboration with existing financial institutions. so that's community banks, credit unions that are already on the ground that have existing atm and retail networks and what it does is it provides californians with easy access to a basic checking account, debit card services, and users can open an account with no fees, no penalties. access this network of atm and retail locations. all their accounts are federally insured and again, there's no account cost for account holders, which is really important g