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A message from League of United Latin American Citizens

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View as web page:
[link removed]

LULAC Condemns Congress’ Failure To Provide Targeted Support To Communities Of
Color In Latest Stimulus Package
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In a Letter to Congress, the Nation’s Oldest & Largest Latino Civil Rights
Organization Calls for Economic Relief for Small & Medium-Sized Businesses Owned
by People of Color

WASHINGTON - Today, the League of United Latin American (LULAC), wrote a letter
to Members of Congress [ [link removed] ]
condemning their lack of attention to small and medium-sized businesses owned by
people of color in H.R. 266 the Paycheck Protection Program and Health Care
Enhancement Act. The bill was passed by the Senate yesterday and a vote is
expected in the House of Representatives in the next few days.

The letter states that LULAC strongly opposes the legislative package as it
stands, which continues to leave significant sectors of our economy out and does
not provide targeted help to communities of color. LULAC is asking members of
Congress to vote NO on H.R. 266 and instead focus on legislation that will
directly address the needs of those businesses most affected by this pandemic and
provide free COVID-19 testing and treatment for everyone.

Key excerpts from the letter are below and the full text is available HERE [ [link removed] ] .

“We strongly oppose H.R. 266 the Paycheck Protection Program and Health Care
Enhancement Act. This legislative package continues to leave significant sectors
of our economy out and does not provide targeted help to communities of color.

Businesses owned by people of color have been the hardest hit by COVID-19. These
businesses have less access to credit and less ability to withstand the loss of
income. They are not only providers of critical services in underserved
communities; they also serve as primary sources of jobs.”

[...]

“H.R. 266 fails to acknowledge and address these concerns. Instead, it provides
additional funding to large banks that prioritized wealthier businesses over
small businesses. And while there are some funds for community banks, these have
had less success in serving borrowers of color. H.R. 266 also fails to provide
separately funding for Community Development Financial Institutions (CDFIs) and
Minority Depository Institutions (MDIs) in spite of the fact that these
institutions have the strongest track record of serving borrowers of color.”

[...]

“We have asked before that you use every tool at your disposal to ensure that we
are leveraging every asset in the federal government to provide for the health
and safety of our communities. And we mean, in particular, the most vulnerable
which need the most help. Thus we ask you to vote NO on H.R. 266 and instead
focus on legislation that will directly address the needs of those most affected
by this pandemic.”

# # #

About LULAC
The League of United Latin American Citizens (LULAC) is the nation’s largest and
oldest civil rights volunteer-based organization that empowers Hispanic Americans
and builds strong Latino communities. Headquartered in Washington, DC, with 1,000
councils around the United States and Puerto Rico, LULAC’s programs, services and
advocacy address the most important issues for Latinos, meeting critical needs of
today and the future. For more information, visit www.LULAC.org [ [link removed] ] .







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