Support Minority, Women, and Low-Income Banks & Credit Unions

Black banks have long
served low- and moderate-income neighborhoods by providing mortgages, opportunities to build credit, and welcoming places to deposit earnings, but they are now in danger of disappearing.  The

New Market Tax Credit (NMTC), a venture capital program intended to attract investment to these lower income neighborhoods which need it the most, has instead put money in the pockets of a few wealthy developers.  Additionally, the Great Recession hit black
banks hard.  Creative Investment Research, a firm that monitors minority-owned financial institutions, found that nearly a quarter have gone out of business, and predicts there will only be seven left in the entire country by 2028 if the status quo does not
change.

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Seeking Clean Energy Leaders

Please support clean energy by co-leading the E. Cooper Brown Ocean Clean Energy Act of 2019. The legislation provides a 15% Investment Tax Credit for Sea Water Air Conditioning (SWAC) and resumes the tax credit for Ocean Thermal Energy Conversion (OTEC). Clean
energy technologies will help us address some of the most pressing energy production, energy consumption, and environmental issues faced by urban and coastal communities.

Read More

Support Minority, Women, and Low-Income Banks & Credit Unions

Black banks have long
served low- and moderate-income neighborhoods by providing mortgages, opportunities to build credit, and welcoming places to deposit earnings, but they are now in danger of disappearing.  The
New Market Tax Credit (NMTC), a venture capital program intended to attract investment to these lower income neighborhoods which need it the most, has instead put money in the pockets of a few wealthy developers. 
Additionally, the Great Recession hit black banks hard.  Creative Investment Research, a firm that monitors minority-owned financial institutions, found that nearly a quarter have gone out of business, and predicts there will only be seven left in the entire
country by 2028 if the status quo does not change.

Read More

Cosponsor Bipartisan Legislation to Expand Access to Retirement Savings for Family Caregivers

As Americans across the country seek to ensure they have a strong safety net for their retirement, it is important that the federal government provides adequate access to retirement savings vehicles. Under current law, employees aged 50 and older are eligible
to utilize catch-up contributions to make additional deposits to their 401(k) plans, individual retirement accounts (IRAs), and other eligible retirement accounts.

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Support Minority, Women, and Low-Income Banks & Credit Unions

Black banks have long
served low- and moderate-income neighborhoods by providing mortgages, opportunities to build credit, and welcoming places to deposit earnings, but they are now in danger of disappearing.  The

New Market Tax Credit (NMTC), a venture capital program intended to attract investment to these lower income neighborhoods which need it the most, has instead put money in the pockets of a few wealthy developers.  Additionally, the Great Recession hit black
banks hard.  Creative Investment Research, a firm that monitors minority-owned financial institutions, found that nearly a quarter have gone out of business, and predicts there will only be seven left in the entire country by 2028 if the status quo does not
change.

Read More

Seeking Clean Energy Leaders

Please support clean energy by co-leading the E. Cooper Brown Ocean Clean Energy Act of 2019. The legislation provides a 15% Investment Tax Credit for Sea Water Air Conditioning (SWAC) and resumes the tax credit for Ocean Thermal Energy Conversion (OTEC). Clean
energy technologies will help us address some of the most pressing energy production, energy consumption, and environmental issues faced by urban and coastal communities.

Read More