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DE HCR109
Concurrent Resolution
Status
6/30/2022
Primary Sponsor
Sherry Dorsey Walker
Click for details
AI Summary
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Recognizes the efforts of the African American Task Force's Economic Opportunity Subcommittee in Delaware.
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Notes that 24.7% of Delawareans are Black or African American according to the 2020 Census, with independent analyses indicating an undercount of up to 7%.
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Calls on the Delaware General Assembly to pass legislation requiring the Investment Committee of the Board of Pension Trustees to allocate at least 25% of total fund investments to African American asset managers, Black-owned financial institutions, and Black-owned financial or professional service firms.
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Legislation must comply with financial and fiduciary prudence standards while maximizing use of Black-owned and Black-managed financial entities.
Legislative Description
Recognizing African American Task Forces Economic Opportunity Subcommittee In The State Of Delaware.
Last Action
Passed By Senate. Votes: 20 YES 1 ABSENT
6/30/2022