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Friday, January 17, 2025

Missouri U.S. Rep Emanuel Cleaver: "2) Require the Minority Business Development Agency to publish a biannual report recommending legislative..."

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Emanuel Cleaver tweeted the following:

"2) Require the Minority Business Development Agency to publish a biannual report recommending legislative changes and best practices for substantially increasing the use of women- and minority-owned firms in higher education investment and bond transactions."
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Here are other recent tweets from Emanuel Cleaver:

"Thats why I introduced the Endowment Transparency Act to provide public transparency and accountability for diversity and inclusion in the management of endowment funds for federally-funded colleges and universitieswhich, again, account for more than $821B in assets."
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"To increase transparency and foster greater accountability, my bill would:
1)Amend the Higher Education Act of 1965 to require colleges & universities to provide information about investments with women- & minority-owned firms to be included in other data annually collected."
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"While some institutions, such as the University of California, track and disclose investments with diverse-owned firms, others did not appear to have ever adopted policies or practices to address potential biases in the selection of managers.
Our report:
cleaver.house.gov/sites/evo-subs"
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