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2014 Color of Wealth Summit

Center for Global Policy Solutions

Washington, DC

2014 Color of Wealth Summit

Registration Information

Type Quantity
Reception Ticket - April 30 - 6:30 p.m. to 8:30 p.m.
Hyatt Regency Washington 6:30 p.m. to 8:30 p.m.
Free  
Summit Ticket - May 1 - 8:00 a.m. to 4:30 p.m.
Congressional Auditorium, U.S. Capitol Visitor Center 8:00 a.m. to 4:30 p.m.
Free  

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Event Details

2014 Color of Wealth Summit

The Center for Global Policy Solutions and the  
Insight Center for Community Economic Development

In conjunction with the Congressional Black Caucus, Congressional Hispanic Caucus and
Congressional Asian Pacific American Caucus

Invites you to attend:
 
Shared Prosperity for All:
The Policy Imperative for Closing the Racial Wealth Gap  

Featured Speakers:

Featured Speakers


Join in the conversation with @PolicySolutions: #racialwealthgap


LOCATION & TIME:

April 30, 2014 - Awards Reception - 6:30 p.m. to 8:30 p.m. - Hyatt Regency Washington, 400 New Jersey Avenue NW, Washington, DC, 20001.
May 1, 2014 - Color of Wealth Summit - Doors: 8:00 a.m.; Program: 8:45 a.m. to 4:30 p.m. - Congressional Auditorium, Capitol Visitor Center, United States Capitol, First Street and East Capitol Street, Washington, DC, 20515.


Summit National Partners: NAACP, National Urban League, National Council of La Raza, National CAPACD, New America Foundation Asset Building Program, Center for Responsible Lending, First Peoples Worldwide, and CFED (Corporation for Enterprise Development)

For every dollar in wealth held by the typical white family in 2009, the typical Latino and African-American families only own six and five cents respectively. Lost in the conversation about inequality in America has been the fact that racial and ethnic wealth inequality is more stark, has a devastating impact on households of color, and, if left unchecked, will have profound implications for the U.S. economy as the nation's demographics shift over the next few decades.

The summit seeks to engage Members of Congress, Congressional staff, the media, and the public in a dialogue about the racial wealth gap, its effect on marginalized households, its impact on the U.S. economy, and solutions for closing the gap.

The Center for Global Policy Solutions manages the Closing the Racial Wealth Gap Initiative in collaboration with the Insight Center for Community Economic Development and with generous support from the Ford Foundation.

Agenda  

Wednesday, April 30, 2014:

Hyatt Regency Washington, 400 New Jersey Avenue NW

6:30 pm–8:30 pm

Asset Builder Champion (ABC) Awards Reception

Highlighting Leaders of the Network

The purpose of the reception is to highlight and acknowledge the efforts of champions in the asset-building field. These include select members of Congress and the network who have contributed greatly to national progress in addressing racial wealth disparities.

Master of Ceremonies

Derek "Fonzworth Bentley" Watkins
Spokesperson and Host of the Wells Fargo UNCF Empower Me Tour

Asset Builder Champion Award Recipients

Thomas Shapiro, Ph.D.
Director, Institute on Assets and Social Policy, Brandeis University

Kilolo Kijakazi, Ph.D.
Program Officer, Financial Assets and Economic Security Unit, Ford Foundation

Saru Jayaraman, J.D.
Co-Founder and Director, Restaurant Opportunities Centers United

U.S. Rep. Barbara Lee (D-Calif.)
Member, U.S. House of Representatives

Thursday, May 1, 2014:  

Congressional Auditorium, Capitol Visitor Center, United States Capitol

First Street and East Capitol Street, Washington, DC 20515

8:00 am–8:45 am

 

Registration Opens


8:45 am–9:00 am

Welcome and Opening Remarks 

Maya Rockeymoore, Ph.D.
President, Center for Global Policy Solutions

Henry A.J. Ramos, J.D.
President, Insight Center for Community and Economic Development

Congressional Welcome

9:00 am–9:30 am

Keynote Address

U.S. Sen. Ben Cardin (D-Md.)
Member, U.S. Senate

9:30 am–10:45 am

The War on Poverty and the Next Economy: Advancing a Wealth Agenda for an Inclusive Society

Racial wealth inequality, and its geographical concentration in communities and regions across the country, has the potential to significantly influence the U.S. economy as the nation undergoes profound demographic shifts over the next few decades. This panel will explore trends in demography, geography and mobility to highlight the nature of the challenges and experts will discuss actions, policies and opportunities for addressing the racial and ethnic wealth gap.

Moderator
Gloria Browne-Marshall, J.D.
Associate Professor, John Jay College, New York, N.Y.


Remarks
U.S. Rep. Barbara Lee (D-Calif.)
Member, U.S. House of Representatives

Panelists
Sheridan Todd Yeary, Ph.D.
Senior Pastor, Douglas Memorial Community Church, Baltimore, Md.

Darrick Hamilton, Ph.D.
Professor, The New School for International Affairs, Management, and Urban Policy, New York, N.Y.

Gabriela Lemus, Ph.D.
Executive Director, Progressive Congress

Thomas Shapiro, Ph.D.
Director, Institute on Assets and Social Policy, Brandeis University

10:45 am–11:00 am

 

Break


11:00 am–12:00 pm

Protect This House: Communities of Color, Mortgage Safety, and the Future of Homeownership

Wealth depletion in communities of color has been exacerbated as a result of the disproportionate rates of foreclosure and unemployment households in these communities have experienced in the wake of the subprime lending and global financial crises. Some have argued that these communities were responsible for the crises because they secured mortgages for houses they could ill afford while others have pointed to predatory and irresponsible lending practices as the cause. This panel will explore the reasons communities of color were hard hit by the housing crisis, the changes in policies and practices that will be needed to reverse the damage that has been wrought, and the initiatives on the horizon that restore and expand homeownership opportunities for all.

Moderator
Avis Jones-DeWeever, Ph.D.
President and CEO, Incite Unlimited, LLC

Remarks
U.S. Rep. Elijah Cummings (D-Md.)
Member, U.S. House of Representatives

Panelists
Jim Carr, M.A.
Senior Fellow, Center for American Progress

Edward J. Pinto, J.D.
Resident Fellow, American Enterprise Institute

Bruce Marks, M.B.A.
Founder and CEO, Neighborhood Assistance Corporation of America

Mitria Wilson, J.D.
Director, Legislative & Regulatory Affairs, National Community Reinvestment Coalition

12:00 pm–12:15 pm

Keynote Address

U.S. Rep. Marcia Fudge (D-Wis.)
Member, U.S. House of Representatives

12:15 pm-1:00 pm

Lunch Break

1:00 pm–1:30 pm

Featured Speakers

U.S. Rep. Judy Chu (D-Calif.)
Member, U.S. House of Representatives

U.S. Rep. Tony Cárdenas (D-Calif.)
Member, U.S. House of Representatives

1:30 pm–2:45 pm

Pension Peril for the People: How Retirement Insecurity Affects Racial Wealth Disparities

From Social Security to state and local pensions, vehicles for
achieving retirement security have been deemed too expensive for governments to maintain by some while others consider them too essential for governments to eliminate. This panel will discuss the stake that communities of color have in the current retirement security debate and the future prospects for Social Security and other retirement wealth vehicles.
 
Moderator
Richard (R.J.) Eskow
Senior Fellow, Campaign for America’s Future and Host of The Zero Hour on WeActRadio.com

Remarks
U.S. Rep. Gwen Moore (D-Wis.)
Member, U.S. House of Representatives

Panelists
Leticia Miranda, M.B.A.
Senior Policy Advisor, Economic Security, National Council of La Raza

Nancy Altman, J.D.
Co-Director, Social Security Works

Kilolo Kijakazi, Ph.D.
Program Officer, Financial Assets and Economic Security Unit, Ford Foundation

Damon Silvers, J.D., M.B.A.
Director of Policy and Special Counsel, AFL-CIO

2:45 pm-3:00 pm

Break

3:00 pm-3:15 pm

Featured Speaker

House Democratic Leader Nancy Pelosi
U.S. House of Representatives

3:15 pm–4:15 pm

Banking on Success: Innovations in Financial Access and Inclusion for Underserved Communities

There are several convenient and effective financial devices that have been adopted in recent years that allow American families to save and build wealth through affordable and convenient means, including automatic savings transfer, direct deposit and mobile banking. However, many American households of color do not benefit from these advancements in banking and often rely on payday lenders and/or other high-cost, low reward alternative means to meet their daily financial needs. What are the products, policies and services that would help economically vulnerable communities participate in and engage with the financial mainstream?

Moderator
Chitra D. Nawbatt
TV Anchor and Correspondent

Panelists
William (Bill) Bynum
President and CEO, Hope Enterprise Corporation

Dedrick Muhammad, M.A.
Senior Director of the Economic Department and Executive Director of the Financial Freedom Center, NAACP

Aracely Panameño
Director of Latino Affairs, Center for Responsible Lending

Alejandra Castillo, J.D.
Acting National Director, Minority Business Development Agency

4:15 pm–4:30 pm

 

Closing Remarks

Maya Rockeymoore, Ph.D.
President, Center for Global Policy Solutions

Henry A.J. Ramos, J.D.
President, Insight Center for Community and Economic Development


 

Have questions about 2014 Color of Wealth Summit? Contact Center for Global Policy Solutions

Where


Hyatt Regency Washington and U.S. Capitol Visitor Center
April 30, 6:30pm-8:30pm: Hyatt Regency Washington, 400 New Jersey Avenue NW, Washington, DC, 20001
May 1, 8:00am-4:30pm: Congressional Auditorium, Capitol Visitor Center, United States Capitol, First Street and East Capitol Street, Washington, DC, 20515
Washington, DC 20015


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Organizer

Center for Global Policy Solutions

The Center for Global Policy Solutions is a social change nonprofit that is dedicated to making policy work for people and their environments by advancing innovative and effective solutions to our world’s most critical challenges. For more information, visit www.globalpolicysolutions.org

The Center for Global Policy Solutions manages the Closing the Racial Wealth Gap Initiative in collaboration with the Insight Center for Community Economic Development and with generous support from the Ford Foundation.

 

  Contact the Organizer

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