Home Add to Favorite Contact Submit  
           21 January, 2021


    
Category:  Press » Business

 

Urban Caucus Chair Praises Treasury for New Guidelines to Add Minority- and Women-Owned Firms as Troubled-Asset Managers

Popularity:
         Views: 1455
2009-07-11 06:27:53     
Office of Congressman Chaka Fattah

Congressman Chaka Fattah (D-PA), chairman of the Congressional Urban Caucus, releases the following statement upon announcement by the U.S. Department of Treasury that it has established meaningful partnership roles for minority-, women-, veteran- and small business owned firms in managing assets under the Legacy Securities Public-Private Investment Program of the Troubled Asset Relief Program and Term Asset Backed Securities Lending Facility (TARP/TALF):

"The economic meltdown crosses all racial, ethnic, gender lines in American society and hammers businesses big and small, and especially in our urban communities. As Congresswoman Maxine Waters spotlighted in the TARP/TALF Access Summit, convened by the Congressional Black Caucus on March 30, 2009, the national effort to repair our economy has all too often excluded those groups in our society -- minorities, women and small business owners in particular -- that are most dramatically affected.

"The original Legacy Securities program required that any asset manager have at a minimum of $10 billion of Eligible Assets under management -- a guideline, as I said during the Forum that automatically locks out all the women and minority asset managers in the country.

"The Department of Treasury has now taken steps to fill that void and it is to be commended for this action. Treasury has changed the rules in a necessary and sensible fashion to allow these firms to meaningfully participate in the country's economic recovery.

"Now Treasury has released a list of firms from these overlooked and excluded sectors of our economy, and is requiring that they must be brought in for meaningful partnership roles with the asset managers selected for the Treasury's Legacy Securities Public-Private Investment Program.

"Our national economy will rebound -- and it must rebound. That recovery, to be effective and credible, must include the talents, skills and business moxie of leaders from every segment of our diverse society."

Specialized in: Urban Caucus - Praises Treasury - Guidelines - Minority- And Women-owned Firms - Troubled-asset - Managers
Print press release      Bookmark this page
Related Press releases 
Sales Territory Mapping Company Educates On Sales Territory Management (Popularity: ): Wake Forest, North Carolina ( press.abc-directory.com ) September 1, 2020 - Geographic Enterprises, a sales territory mapping company, has recently released a new educational resource that focuses on how to manage sales territories. The new article can be found on the company's website. The article is guided by the sales mapping company's experience helping provide smart technology that can improve any organization's efforts when planning their efforts and approach to ...
Manassas Window Film Company Lists Benefits Of Exterior Solar Screens (Popularity: ): Manassas, Virginia ( press.abc-directory.com ) August 5, 2020 - Atlantic Sun Control, a Manassas window film company, recently discussed the benefits of exterior solar screens. Atlantic Sun Control has grown from being a home-based business to one of the largest, most experienced window film dealers in the nation. All vital employees are certified by the International Window Film Association, ensuring fully insured jobs for every installation. Atlantic Sun Control currently ...
New Program Introduced for Keeping Home Cooling Systems Running All Summer (Popularity: ): Atlanta, GA - USA | July 31, 2020 -- Spring has sprung, and the weather is finally getting nicer. Beautiful days are upon us, the trees are in bloom, and if it weren’t for the COVID-19 epidemic, we’d be spending a lot more time outside.The seasons change every year, and yet every year, there’s someone whose HVAC system breaks down during the hot summer months because they didn’t get proper ...
Chantilly Fire Damage Restoration Company Discusses Roof Tarping (Popularity: ): Chantilly, Virginia ( press.abc-directory.com ) July 21, 2020 - A Chantilly fire damage restoration company, Monumental Contractors, recently released a new educational resource on their website regarding roof tarping and why it is important for storm damage restoration procedures. The contractors hope this new article will be used by homeowners and contractors as an informational tool that helps them understand what roof tarping is and how it is used during ...
Columbia Water Damage Company Educates On Emergency Water Extraction (Popularity: ): West Columbia, South Carolina ( press.abc-directory.com ) June 4, 2020 - Columbia water damage restoration company Kingsley LLC has recently released a new blog on how to tell when you need emergency water extraction. The expert technicians guide the information in the article to help homeowners who have experienced water damage understand the importance of getting it handled quickly and by professionals. They hope the article will help people better ...


Related Business 
Episcopal Urban Caucus (Popularity: ): Grassroots discussion of urban ministry issues. Board of Directors, photo album. History and future of the caucus, discussion of racism.
Charteris Treasury Portfolio Managers (Popularity: ): UK-based asset managers specialising in discretionary portfolio management as well as running top performing funds which are Gilts, Gold and Equities.
Association of Chartered Treasury Managers (Popularity: ): ACTM identifies itself with the role of organizing and bringing the globally relevant body of knowledge in treasury management together for the development of the treasury profession.
Asset Alliance Corporation (Popularity: ): Investment management holding company that acquires alternative asset management firms and offers a diversified group of non-correlated, hedge fund managers.
Anheuser Busch Supplier Diversity (Popularity: ): The "Partners In Economic Progress" program promotes minority- and women-owned firms to do business with Anheuser-Busch and its subsidiaries. Features events, statistics, policy, and vendor information.
SCORE Asset Management, Inc. (Popularity: ): Certified minority/woman-owned investment firm providing investing, brokerage trading, underwriting, and planning services as a registered investment advisor, broker-dealer, and financial planner.
Surety Bond Associates (Popularity: ): Markets surety services to small, minority and women-owned contractors.
National Women's Caucus for Art (Popularity: ): Major U.S. organization expanding opportunities and recognition for women actively engaged in visual arts professions.
Women's Caucus for Art - New Hampshire Chapter (Popularity: ): Promotes the advancement of women in visual arts. Includes newsletter, event and exhibition schedules, and member sites.
Chair Cover Hire (Popularity: ): To add that touch of elegance to your special occasion take a look at our top assortment of chair cover hire companies. We've selected specialists from all over the country so you should we able to locate the one which is local to you. Whether you require chair cover hire for your wedding reception or ceremony, corporate event, anniversary, birthday or christening, you'll find plenty of choice right here on ...