Friend,

The latest statistics are staggering: The median wealth of Black
households in the U.S. is just 13% of that of white households.(1)

Only 45% of Black families in the United States own a home, compared to
75% of white families.(2) Prospective Black homebuyers are much less
likely to be approved for a mortgage.(3)

The problem has gotten even worse since the COVID-19 pandemic and as
interest rates have soared.(4) But it doesn't have to be this way.

California has already passed the California Public Banking Act and the
California Public Banking Option Act to begin the path toward equitable
banking in our state. Now it's time to do so nationwide. 

[ [link removed] ]Tell Congress: Pass the Public Banking Act!

[ [link removed] ]SIGN ON NOW

These racial wealth disparities have evolved across centuries of racist
and inequitable policies in housing, education, employment, and more --
and they just keep growing worse. Current policy, including ongoing
redlining and unfair lending practices, are serious roadblocks for Black
households to close the gap.(5)

We know what policy solutions are needed to address the persistent
American racial wealth gap -- all we need to do is implement them. In
fact, legislation is in Congress right now that seeks to address
inequities in banking.

The Public Banking Act of 2023, introduced by Representatives Rashida
Tlaib and Alexandria Ocasio-Cortez, would make establish public banks
whose rules would be determined by the votes of the American people rather
than by the financial interests of Wall Street tycoons, and historically
marginalized groups would no longer be shut out.(6)

The Public Banking Act represents a significant step in undoing the unfair
practices that are holding families of color back from financial security.
And we have proof that public banking works: Almost 1,000 of them operate
successfully worldwide.(7)

This critical bill needs our backing. Add your name today to take on Wall
Street and close the racial wealth gap once and for all.

[ [link removed] ]Sign the Petition: Support Public Banking!

Yours in the fight for justice,

–Irene, Annie, Angela, Isidra, Mario, Marvin, Alyssa Jen, and Lindsay (the
Courage team)

[ [link removed] ]SUPPORT THIS CAMPAIGN

Footnote:
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Courage California (formerly Courage Campaign) makes sure our democracy works for ALL of us by fighting corruption in California politics. We believe the solution lies in exposing and solving systemic problems through strategic organizing, enhancing coordination between progressive organizations, and mobilizing civic engagement from our communities, particularly voters of color, young voters, and self-identified progressives.

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