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On Tuesday, March 12, 2024, at 4:00 p.m. (ET) full Committee Ranking Member Waters will host a Women's History Month roundtable entitled, “Countering Diversity, Equity and Inclusion Attacks by MAGA Republicans."
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Panelists for this one-panel hearing will be:
• Arian Simone, Co-Founder and CEO of the Fearless Fund
• Angela Rye, Principal and CEO of IMPACT Strategies
• Laura Murphy, President, Laura Murphy & Associates, LLC
• Dariely Rodriguez, Deputy Chief Counsel for the Lawyers’ Committee for Civil Rights Under Law
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In light of the ongoing legal attacks on diversity, equity, and inclusion (DEI) programs and organizations, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, will host a Women’s History Month roundtable on “Countering Diversity, Equity and Inclusion Attacks by MAGA Republicans.” Panelists for the roundtable will include the Fearless Fund— the nation’s first venture firm founded by women of color that invests exclusively in companies owned by women of color that have been directly impacted by lawsuits; civil rights experts Laura Murphy and Dariely Rodriguez; and, renowned social justice advocate Angela Rye. During the roundtable, panelists will discuss the impact these attacks are having on vulnerable communities, particularly women and persons of color in the financial services space, and what tools are needed to combat these efforts and protect DEI..
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Hearing page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=411268
I'm very pleased to see uh that we are
joined uh by so many people who are very
very interested in talking about women
and the history uh of women and what has
been happening in recent years before we
do that I would like to welcome all of
the members of the committee so can we
start with Miss batty well first Madam
chair want to thank you for joining
thank you to our esteemed Witnesses
being here today and all of those who
are gathered to be in the audience with
we talk about black women and we talk
about black history and women's SP
economic that's synonymous with chair
magine amen uh let me just say how
excited I was to see the invitation for
us to come when you talk about history
and making a difference if will go down
because history is watching us that it
was chairwoman Maxine Waters who was
bold courageous enough to say not just
to us and to Black Americans but to the
nation I will have a subcommittee or
diversity and inclusion so we can make
sure that we talk about Equity so I
thank you for allowing me to be here I
thank you that she also had enough
confidence that I was the first ever a
subcommittee chairwoman of diversity and
inclusion in a few months from now we're
just going to have good news because she
will be our chairwoman of the parkle
iconic prestigious Financial Services
committee and with that I yeld back
thank you so very much and now I will
ask Miss Williams uh to please say hello
to everyone good after afternoon
everyone and thank you cheer woman
Waters because I will continue to call
you that until we get you that gavel
back in your hands y'all I congresswoman
akima Williams and I proudly represent
Atlanta and Georgia's fighting fifth
congressional district happy to have
constituents here today and this
conversation is so critical and
important for me because Atlanta
continues to be in the top when it comes
to the racial wealth Gap and so when we
have people that are fighting that are
doing something that are leading the way
to address these disparities we have to
stand up and stay with you stand with
you and so the attacks that are going on
not just in Atlanta not just Georgia but
across the country this is the committee
this is the leadership chair Maxine
Waters stands with you every day and she
leads us to make sure that we are not
just having conversations like this but
we have policies to back it up so when
we put that gavel back in her hands it's
going to be a new day y'all thank you
for being here and I'm looking forward
to the
conversation wow
you can see we're ready uh thank you so
very much again for being here and I
welcome everyone I want to thank you all
so very much for your attendance here
today at the financial services
committee's women's History Month
Roundtable and your Collective
commitment to diversity equity and
inclusion in the financial services
industry in
2019 when I became the first black
person and first woman to chair the
committee I created ated congress's
first ever subcommittee on diversity and
inclusion our work on this subcommittee
exposed inequities in America's housing
and financial system published
unprecedented data on diversity and
inclusion in the financial services
industry explored policy solutions to
address these challenges and put
pressure on companies to make changes to
advance racial Equity through three in
depth reports dozens of hearings and
thoughtful legislation Democrats led the
charge for more diversity in the
financial services Workforce corporate
board rooms and Beyond and our efforts
were always driven by the evidence which
clearly shows that companies with more
diverse executive teams perform better
financially than team that are not
unfortunately after winning the
majority in the Congress last year one
of the first things that chair McKenry
did was to eliminate the subcommittee on
diversity and inclusion this decision
was just the start of an allout attack
on Dei in our committee and of course it
is not just in our committee where we're
seeing this kind of backlash on the
progress and public awareness of Dei
extreme Maga Republicans are using the
same Playbook all across the country and
one of their most effective and potent
tools is the legal system starting with
the Supreme Court's reversal of
affirmative action in higher education
conservative groups like America First
legal are behind several pending
lawsuits to undermine the programs aimed
at closing the racial wealth Gap and
providing people of color with access to
spaces that they have been historically
excluded from The Fearless fund which is
the first black woman run Venture
Capital firm solely dedicated to funding
women is currently being sued for its
grant program Morgan Stanley and
Progressive Insurance Company are
currently facing l lawsuits for their
Dei programs the minority business
development agency which is a sole
Federal agency that exists to promote
the growth of minority owned businesses
and which I helped to cify in 2021 as
president as part of President Biden's
bipartisan infrastructure legislation
that has been ordered to serve white
majority owned businesses in addition to
minority owned businesses by federal
judge in Texas that's not all Republican
State Attorneys General are using the
Supreme Court ruling in the SF
faav Harvard to go after Fortune 100
companies warning them against engaging
in Dei in their employment and
Contracting practices claiming that
these practices are illegal in response
I sent a letter to the financial
services companies in the Fortune 100
CEOs urging them to resist the
intimidation tactics and carry on with
their Dei efforts Dei initiatives have
been effective at giving underserved
communities a More Level Playing Field
to Excel and accomplish professional and
economic success this is called Equity
not Reverse Racism for those who claim
to care about America global economic
power they must understand that fighting
for a more Equitable future through Dei
initiatives is critical to the economic
well-being of all Americans women and
people of color need inclusive
intentional and genuine representation
fortunately there are a number of
nonprofits and other women focused
organizations and women leaders like the
ones on this panel today rising to the
challenge
and expanding opportunities for women
and people of color these four women
here with us today are resilient
authentic and aspirational despite the
challenges they face they are Relentless
in their efforts to build a more robust
pipeline of upwardly mobile women of
color uplifting the Next Generation to
look beyond the status quo to what is
possible thank you again to all of our
panelists for joining us today and I
look forward to having an insightful and
impactful conversation on Dei I would
like to remind members that today's
Roundtable is open to the public and
will be live streamed I'm very pleased
to have with us today Arian Simone who
is a co-founder and CEO of The Fearless
fund the nation's first vental capital
firm founded by black women that invest
exclusively in companies owned by
women the next person on this panel is
Angela Ry principal and CEO of impact
strategies and renowned social justice
Advocate and my daughter which I have to
disclose to
everybody the next is my sister
Laura Murphy civil rights expert and
president of Laura Murphy and Associates
LLC and finally Dar El Rodriguez deputy
chief counsel for the lawyers committee
for civil rights under law where she
works strategically to advance racial
Justice thank you all for joining us
thank you so very much Miss Simone I
will go to you first for your opening
remarks
I just want to say thank you for this
opportunity to be here I'm Arian Simone
I serve as the CEO and founding partner
of The Fearless fund um and as you
stated the nation's first Venture
Capital firm built by women of color for
women of color I'm honored to be here
today um we were recently as you stated
sued for alleged discrimination which
was beyond disturbing to me the
plaintiffs filed three things against
four of my companies a preliminary
injunction to stop one of the grant
programs a lawsuit itself which is the
complaint and a temporary restraining
order to put us out of business by
August 17th
2023 we got the temporary restraining
order withdrawn and we have been in
court fighting the preliminary
injunction and we are waiting for the
appeals court to issue a ruling if we
can continue our program or
not well thank you very much for getting
us started here here and next I'm going
to call on Miss Ry uh for your opening
remarks okay mine will be uh closer to 5
minutes can you all hear me yes yours
was loud and I can't hear mine okay here
we go you want no no no no I had a
little bit of feedback in fact I'll give
you mine um good afternoon um to every
member of Congress present to the staff
I have to say it is amazing to see a DI
full of women of color um in women's
history month and right on the hills of
Black History Month and sitting at this
tremendous table next to my mentor
someone who I couldn't wait to meet and
and a very brilliant attorney um the
theme of this round table was countering
attacks and I think in order for us to
get into what it really means to counter
attacks we have to understand how um the
depth and the breadth of these attacks
are the scope of these attacks so we
understand that Dei diversity equity and
inclusion are being attacked on multiple
levels the public sector the local state
and federal level the private sector and
in education and if we're honest I think
we can acknowledge that this didn't
begin with maga maga is merely the
Frankenstein of the Republican party and
it has been in existence for a very long
time I am biased to the West Coast and
so the two examples that I have of a
well thought out intentional attack is
where I'm from um in Washington in 1998
there was the initiative 200 to reverse
affirmative action and in California
which I'm partially from um in 1996
there was proposition 209 I am not
celebrating these I'm just merely
stating that they have been planning
this for some time and unfortunately
those who are progressively minded have
been caught on their heels despite
seeing these attacks for some time so
from access to healthc care to
affirmative action from stop woke to
Alabama Senate Bill 129 from hair to
history and what they've deemed as our
handouts from access to healthcare to a
ative action from venture to voting
rights and federal Contracting to The
Fearless fund we are facing
unprecedented attacks the American
Alliance for equal rights to America
America First legal they've been
striving to take us to
pre-1950 which is when most folks who
support the make America great again
agenda say America was at its
best po pre1
1950 they've been striving I would argue
to take us back even further to right
before reconstruction and I think the
thing that we really have to address is
that the real elephant in the room with
us is equity the fact that they cannot
bear to see us Beyond equal
footing it's not that the attacks or
discriminatory practices are new they do
seem to though be testing the
standards the standard um which is
intention and they're testing that
standard with all out viciousness anti
anti-
Dei um on the state
level is hitting Us in more than 30
states with more than 100 measures many
of these have been passed yet to be
implemented in several ways but at least
eight of them have been implemented and
again we know the most recent is Florida
and Alabama just last week what is
remarkable to me is that while we were
in the midst of a pandemic as we all
know we watched our dear brother George
Floyd be murdered um on camera for 9
minutes and 30 seconds and in the moment
where people were forced to look at it
and not look away because there was
nowhere to turn in the midst of a
pandemic what we realized or I think we
all knew but what most of America had to
realize and come to terms with with is
the fact that the pandemic wasn't just
Corona virus it was also a decades and
centuries long battle with
racism 400 years to be exact in County
while the response was a good one um
relatively speaking of course there were
convictions on the criminal side but
Corporate America the public sector
turned to what happened after George
Floyd and said we have to do something
so we were met with $60 billion of
commitments and commitments from
Corporate America which later turned to
$340 billion in commitments and now as
Equity is under attack most of them
could not wait to get out of those
commitments without being accountable
even to what they said they would do
they were like you know what we'll throw
this aside because we never wanted to do
it anyway and at some point we got to
get out of this white Guild it is really
uncomfortable so now we are still
experiencing the impacts of the most
brutal Boomerang effect and despite us
having every right to get our companies
funded to be paid equitably to be
sitting in boardrooms occupying board
seats and in the sea suite and of course
to sit in
classrooms we are experiencing another
unprecedent attack at the in the highest
court of the land um thanks to someone
who also benefited from affirmative
action Clarence
Thomas I wish it was funny I really do
but if we built the table and the chairs
I see no reason why we should have to
ask for a
seat thank you thank you very much Miss
Ry
we will go next to Miss Murphy uh for
your opening remarks thank you thank you
chairwoman Waters um having worked with
you for many years I know how hard you
fought for justice equity and inclusion
especially in your leadership role on
the house Financial Services committee
thank you so much for all that you have
done for our
nation I'm here to discuss three things
one civil rights audits as distinct from
corporate diversity equity and inclusion
policies two what civil rights or racial
Equity audits are designed to do and
three why such audits make business
sense civil rights are rights guaranteed
and protected by the US Constitution
federal laws and federal laws enacted by
Congress they are designed to combat
discrimination guarantee equal
opportunity and equal protection under
the law and to stop harm based on race
religion age sex disability national
origin sexual orientation gender
identity and other categories our civil
rights laws apply both to government
action and the actions of businesses the
Supreme Court's decision in students for
fair admissions versus Harvard weakened
the use of race and college admissions
but it did not invalidate our civil
rights laws or the reasons for their
existence civil rights audits are
designed to go far beyond diversity
equity and inclusion practices Dei
functions and corporations are often
relegated to internally focused Human
Resources departments individuals in
those departments do not have the power
often times for example over whether a
Bank locates branches in low-income
communities steers subprime mortgages to
people of color
or use uses biased algorithms to Grant
small business loans a civil rights
audit is a holistic examination of
significant civil rights and racial
Equity issues that may exist in a
company both internally and externally
Auditors with civil rights expertise
assess a company's business practices
policies products and services to
determine if and how those components
perpetuate discrimination
the Auditors work with the company to
issue a public report to hold on one
second the allergies are getting to
me thank
you
um they issue a public report to provide
a blueprint for concrete corrective
action and to ensure that structures are
in place to implement changes and
prevent future civil rights harms I
conducted pioneering civil rights audits
of two US corporations the first was for
Airbnb in 2016 and the second was a
Facebook from 2018 to 2020 my reports
for both companies are available online
after those audits I also wrote a report
in 2021 outlining how civil rights audit
should be conducted entitled The
rationale for and key elements of a
business civil rights audit and that's
also available online and I have to
digress because this wonderful leader
put Mark Zuckerberg on the firing line
asked him if he even knew my name and
that kicked the Civil Rights audit of
Facebook into much higher gear your
oversight role in Congress is stupendous
and I'm grateful to you and it led to
real changes in settling lawsuits having
to do with advertising bias in housing
employment and credit so you've had a
great impact through these audits so
thank you I had to say
that some 30 corporations have engaged
or are in the process of engaging in
civil rights audits these have come
about because of pressure from a variety
of sources including consumer complaints
social justice groups members of
Congress and shareholder activist funds
many shareholder proposals for racial
Equity civil rights audits met with
success in the 2022 proxy season but
they saw a precipitous decline in 2023
in terms of the number of proposals and
the level of support for them the
shareholder advocacy group majority
action has just issued a report
documenting the major Asset Management
firms that have reverse course on civil
rights and racial Equity audits people
like black rock groups like Black Rock
corporations and asset managers that
turn their back on civil rights audits
are abandoning their responsibilities to
shareholders and customers and I would
argue abandoning their fiduciary
responsibilities businesses and
stakeholders need to confront the
challenges resulting from our country's
Legacy of systemic racism and other
structural forms of discrimination when
problems of corporate discrimination go
unchecked it leads to legal political
reputational and operational problems it
hampers productivity it turns away
consumers and it weakens Workforce
Talent while I would love businesses to
conduct civil rights audits out of the
goodness of their hearts conducting such
audits should happen because they make
business sense as the nation's
population becomes more people of color
than white by the year 2050 and as
companies try to to expand to diverse
Global markets problems like systemic
racism only hamper Market access
productivity and
profitability Multicultural populations
will only expand in influence it is
essential that Corporate America face
and fix discrimination issues for their
businesses to survive thank you thank
you very much and now uh we'll go to m
Rodriguez for your opening
remarks thank you sh thank you
chairwoman waters for the invitation
it's a real honor to be here um I am
darel Rodriguez deputy chief counsel
with the lawyers committee for civil
rights under law and last year we know
that the Supreme Court held that the
UNCC and Harvard's affirmative action
programs which considered race as one
factor of many as part of a holistic
admissions process violated the equal
protection Clause the lawyers committee
represented multi racial groups of
students in alumni from UNCC and Harvard
the lawyers committee is the only civil
rights organization that litigated both
cases since their Inception and was also
the only organization that presented
oral arguments in the Supreme Court the
Supreme Court's ruling undermines Equal
Opportunity by significantly limiting
the circumstances in which race can be
used in higher education and missions
however even before the ruling came down
at the lawyers committee we started
thinking about the implications of a
negative ruling in areas outside of
higher education admissions we knew that
Fallout from the decisions had the
potential to undermine race conscious
and racial Equity programs across
Industries and unfortunately our
prediction was true since the ruling
there has been a coordinated attack on
workplace efforts designed to advance
diversity equity and inclusion this
backlash as many um have already stated
comes after corporations made
unprecedented commitments to advancing
racial Equity after George Floyd's
murder in
2020 interestingly recent analysis shows
that in 20121 among 88 companies in the
S&P 500 94% of the increase in the
headcount went to people of color so
this shows that when you put pressure on
businesses they really start analyzing
and start making progress we are now
seeing roll backs in this progress in
response the lawyers committee has
launched a comprehensive strategy to
combat Fallout from the adverse rulings
and subsequent attacks in other sectors
I have been personally deputized to
oversee this cross-disciplinary strategy
which has included engaging in Impact
litigation for example we led the Civil
Rights Amicus brief in The Fearless fund
case engaging in extensive policy
advocacy as well as Outreach and
education to various sectors including
the corporate philanthropic and
nonprofit sectors about how to navigate
this moment and how to continue ADV
advancing racial equity in Legally
defensible ways we've also exec uh uh
executed a protecting and advancing Dei
pro bono initiative the goal of which is
to provide free legal advice to uh
entities that are eligible in
partnership with proon law firms so that
they can obtain the advice that they
need to continue their critical racial
Equity
initiatives in advising various entities
engaged in efforts to advance racial
equity we know firsthand the immense
impact that these programs are making on
the lives of black people and other
people of color across the country and
in speaking with leaders from various
sectors I know personally that there has
been a strong inclination to overreact
to the attacks to Dei programs and
voluntarily roll back such critical
efforts we cannot do our opponents work
for them employers still have a duty an
affirmative duty to prevent and correct
discrimination in the workplace we at
the lawyers committee have been urging
employers to not Retreat from their Dei
efforts and instead to continue pursuing
all that is possible under the law to
advance Equity why because black
communities continue to suffer from
persistent and systemic discrimination
including in the workplace occupational
segregation continues to leave workers
of color and today on equal payday worth
noting that in particular black women
and women of color are overrepresent
presented in lower paying and higher
risk
jobs we have been urging businesses to
stay the course because we know that Dei
programs Advance equity and inclusion
and these programs are good for business
they're good for workers and they
benefit our entire country in this
moment we applaud the work that you all
are doing to hold companies accountable
to ensure that they continue to do this
work and we ask Congress to continue to
push back against the overcorrection and
the overreaction that we are seeing
across Industries we ask that you hold
hearings and briefings to highlight the
systemic barriers that black workers and
workers of color continue to face in the
workplace and to highlight lawful
employer and corporate policies that
have been successful in minimizing these
barriers and creating more inclusive
workplaces we also call on Congress to
make clear that programs that Advance
racial Equity are not discriminatory but
instead they are necessary for our
country and the economic well-being of
all of our communities finally we call
on Congress to ensure federal
anti-discrimination agencies have the
Appropriations that they need to
forcefully combat systemic
discrimination across sectors again
thank you for giving me the opportunity
to address these issues oh thank you so
very much all of our panelists uh for
your opening statements I would love uh
to have had the time to spend a few days
with you uh talking about the issues in
the way that um you have had to confront
them whether it's talking about how do
you amass Venture Capital uh whether or
not a young brilliant lawyer who has
worked in the streets of Los Angeles
with gang members have the time uh to
give uh to this effort given any career
that you could have chosen why someone
who is a civil rights leader having led
the ACLU is still still doing it and
working at civil rights issues and hello
how are you good to see you Mr cleav is
here please welcome him
also and Miss Rodriguez thank you for
using your lawyer skills on behalf of
all of us and dealing with an issue that
confronts us today that's been
identified by everybody that requires so
much work and so much uh commitment
thank you all let's give them all a big
round of
applause now I would like to open up the
Q&A portion of our round table with a
few uh questions and then we're going to
call on uh other members to be
recognized for any questions they may
have but before I do that I think uh
that Mr Cleaver should have an opening
statement
also please
thank you for being
here give him a round of applause for
thanking you okay thank you all right Mr
cever I'm going to go right to a couple
of questions before I turn it over to uh
the other members here Republicans have
spent years perfecting their playbook to
roll back racial progress through
concerted attacks on diversity equity
and inclusion initiatives unfortunately
these efforts to strip power from black
communities and are making Headway in
the face of a widening racial wealth Gap
and heighten
inequality we should be deeply concerned
about what this means for the economic
opportunities for people of color Miss
Ry what do you think about that if I can
uh chairwoman Waters I would like to
yield my time to This brilliant um vure
capitalist to my right um I believe this
format is a little different than normal
so I want to make sure she has the
opportunity to be heard to she has a lot
of wisdom and so I want to defer to her
first if that's okay well thank you very
very much go right ahead Miss Sone no
thank you and she is definitely correct
had I known I had more time chairwoman
Waters I would have took up all the time
yes um when it comes to venture capital
the disparities that exist in this space
are very alarming black people
collectively receive less than a percent
of venture capital funding the industry
I work in is a 62 trillion dollar
industry the investors are 92% white
male I do believe that if we can
diversify the investors we can diversify
the Investments as of recent the numbers
showed up in crunch base last week that
the numbers have declined drastically
for black people receiving funding by
70% and in the city of Atlanta that I
reside black people are at a decline of
79% yes this is very alarming especially
after June 2nd 2020 when we saw all of
the black squares take place on social
media we do not see any of that energy
currently my company in particular is
backed by JP Morgan Chase Mastercard
PayPal
Ventures Bank of America allies bank and
so many more that have been silent
during this time but we're very loud
June
2020 prior to the Fearless fund's
existence black women in particular were
raising an average of
$30,000 for their
businesses after our existence we came
on the scene cutting seven figure
checks we have raised almost aund
million but I'm going to give you an
Applause whether anybody else Applause
with thank you so very much thank you
and it is unfortunate that we are
experiencing these attacks they are
using litigation as a way to eliminate
diversity we are inaugural defendants of
one of the most defining lawsuits of our
time this is not about us they are
literally trying to make what we do day
today by funding women and people of
color
illegal in court they the plaintiffs had
the audacity to refer to my business as
the whites only sign during the
segregated period in this
country I said this is not correct that
sign was used to oppress and I'm not
sure what disparity that sign was used
to meet we are in
existence to meet a disparity again we
make up over as women of color 20% of
the US population and receive less than
0.39% of the
funding as everybody has stated here
today diversity is good business if the
only color people are concerned about is
green it makes sense so that tells me if
the stats say that that the mission of
Oppression and suppression is greater
than the mission of making money which
does not add up in a capitalistic
Society so my ask here also today and I
know I'm supposed to be answering your
question chairman Waters but like I said
had I known I had the floor I would
definitely take it
all my ask here today is to get
assistance on an offensive
strategy we need policy that protects
our access to Capital we need policies
that have minority mandates that state
that the people in this country will
receive access to Capital according to
the demographics in which they play and
exist in this
country we need accountability held for
all these corporations making public
commitments to the black community that
they have not
fulfilled and though this is not for
this panel we're going to need um help
legally for counter
lawsuits I'm tired of being on the
defensive it's time to get on the
offensive and that's why I'm here today
and those are my ask well thank you so
very very much before we go to the next
panelist for a question Miss syvia
Garcia entered the room Miss Garcia
would you like to have a few minutes for
an opening
statement well I think in the interest
of time no uh but I do want to thank all
the panelists and for being here
particularly the investment banker
because I know how hard it is uh I was
City controller in Houston and I still
remember the first time I walked to
walked on the floor the trading trading
floor there at uh um at the stock
exchange I see a white guys with short
sleeve shirts white shirts and just a
little
tie y'all are laughing I'm showing my
age maybe a little bit but it you know
and then the last time I was there uh
which was probably maybe five six years
ago you know not too much has changed
not too much there's a few minority men
maybe a few minor white women but
there's still not enough of us there so
thank you for being here and speaking up
and and as a lawyer I applaud you and
and do seek out that legal advice
because lawyers can make a lot of good
social change I graduated from the third
grade Marshall School of Law from
historically black college in Houston
and that's one thing that he always
talked about was Lawyers are for social
change and in Arena social change is
simple it's access to Capital with that
I Y back thank you so very much I'm
going to move on uh to our Members First
I'm going to call on Miss batty when I
asked Miss batty if she would take the
chairmanship of the subcommittee on
diversity and inclusion she jumped at it
she said absolutely now she eats sleeps
and breathes
Dei and she he has confronted Corporate
America with questionnaires uh to find
out exactly about who what and where is
in these corporations what positions
they're in etc etc it's done a fantastic
job Miss batty go right
ahead thank you so much and I'll be
brief because I know the time is
fleeting but I'd be remissed if I would
not say I have followed the work and the
research of all four of you
and let me say thank you because the
question I'll start this way on on
policy as you just said that something
came to mind a few years ago when we
were talking about poverty and how it
affected the funding that we get tied
into the sensus bureau Mr uh klyburn
came up as you all remember with 10 20
30 so I would like to work on something
and give it back to you why can't we do
the same thing if we do that break down
as he did with the percentage of
representation or lack of tied to how
much we should be able to give in those
communities into to those businesses to
give us some Equity because right now
it's it's zero for practical purposes
and reading your studies in McKenzie so
I was going to ask the reverse question
uh of what policies would you all like
to see us Implement What legislation
should we be fighting more because we I
won't go through all the statistics and
what you found out uh but let me also
say and today is Delta day on the heels
and I'd be remiss uh because missone is
a Delta uh and thank you for your work
with the Congressional Black cockus and
same to you Miss Ry but but let me take
my last minute and say it's when you
speak out and you do things and and what
uh Miss Murphy attorney Murphy was
making reference to and she of course
wouldn't say this this sister is one of
the baddest lawyers in the United States
but I have to correct you play one on TV
but well
exactly and that's what I I've
supervised lawyers for almost 20 that's
right that's right so let me reframe
that because your company that does that
and was hired because Facebook had not
put individuals like you in that space
and we were so proud and so happy and so
when he came in here and was I said well
you know I was hoping that I could help
him but then I just had to rip him I had
to do a auntie Maxine uh on him for that
because he should have been embarrassed
uh not to know what he had right there
which is my point that I'll end on how
do we make sure that we do a better job
because the first thing we hear is we
can't find them when we when we're
talking about double and triple digit
millions of dollars whether it's someone
to be uh in the sea Suite on the boards
whether it's getting access to Capital
they always want to act like we don't
qualify in what we can't do and and
here's four examples right here of why
we should be in the room more so you
don't have to answer it now so we can go
to someone else but what I'd like to
know is for you all to share with us
legislation Partnerships or what voices
do you want us we took on the business
round table because
of call you speaker now because of
chairwoman waters all we're talking
about 50 billion above companies
couldn't send a design had to come into
our hearing room and bring data that
they had refused to do prior to her
letter going from them so we know we
have power and we know people will do it
so think about how we can use that
leadership with chairwoman Waters so we
can say help is on the way but I just
want to say thank you to the four of you
thank you so much Miss batty now Mr
cleever uh who is a member of the
committee and uh chairs one of the
subcommittee with housing uh comes from
uh a time when he talked about poverty
and living in public housing he served
as a mayor and he's worked with a lot of
issues like cdbg on and on Jo on Mr CER
thank you madam chair let me let me just
resp hi Angela
[Music]
Murphy uh hi Angela good to see you uh
Angela Angela yes like my family yeah
like my family uh let me let me just say
you you're in the right place because uh
I mean you were talking about the issues
uh
when you get congresswoman Maxine Waters
and Jo BTY who Tred to they hate her
and I was supposed to
say okay uh you know and and and the
problems are are Mammoth but when uh
when our chairperson uh uh started the
diversity uh committee it opened up a
whole new world and I I think you know
uh it I think in January uh we'll be in
a position I think where uh Miss BTY
will be back and we we have a lot of of
things that we we were all working on
and I think she did a magnificent job
and uh our Visionary who who did it uh I
didn't know how it was going to work but
uh it it has and as I said they they
hate her and so uh that means uh yeah
hate uh that means that uh you know
she's doing it right
so thank you madam chair thank you uh
you're so
welcome um Miss Williams uh I'd like to
call on you Miss Williams your sister's
from uh Georgia also and certainly you
got to know each other better and get to
understand what she's doing with vure
capital but I want to tell you this is a
young woman who came to our committee
absolutely committed hit the ground
running and is aligned with us in ways
that helps us to move whatever we're
moving and when we uh take back the
house and we're able uh to put
legislation that you're referring to on
Biden's desk it'll be because we have
young people like this who joined us and
stepped in right away thank you Miss
Williams thank you so much chairwoman
Waters and y'all votes have been called
and I'm still a newish member so I get a
little nervous when that clock is
ticking down so I will be brief because
I came today to listen but something
stuck with me Miss Rodriguez you said we
cannot let we cannot do our opponent's
work for them and that really stuck in
my mind because that is what I wanted to
hear more of from a legal strategy and a
policy piece what is it that you need to
see so that we are doing our part and
not doing our opponent's work for them
that really stuck in my mind
today yes I would love to hear about
that we miss batty is tracking the vote
so I'm going to follow her lead I get to
serve on this committee y'all with so
much wisdom and Leadership and I take it
in every day because not every new
member of Congress gets this opportunity
and I am so grateful for what I have
learned in just three short years on
this committee under your leadership
chairwoman and so I am here to listen
and would love to hear more from you on
the strategy and what we need to be
doing here as leaders in this space
because we cannot do our opponents work
for them well thank you so very much
Miss Williams we have to go and take a
vote but let me just conclude by saying
first of all you've got to have the
confidence that we can close this wealth
Gap you can't be afraid of anybody
you've got to take on whomever and
whatever tries to impede our ability to
close this wealth Gap we deserve it
we've worked for it it can happen so
each of you are working in this space in
different ways I appreciate you I honor
you let's keep going and we'll have
plenty to put on the president's desk I
mean President Biden thank you very much
for being here
everybody you want to take a photo with
the panel