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Jubilee USA Network
Washington, DC
Building a global economy that serves, protects and promotes the participation of the most vulnerable.
Recent Activity
by Eric LeCompte More than 130 faith communities across the United States are praying and acting for hurricane victims ‎during religious services this weekend. Religious groups are calling for debt relief and "no strings attached" reconstruction aid for hurricane-hit islands.... Continue reading
Posted Oct 20, 2017 at The Jubilee Blog
Negotiations begin for a new North American Free Trade Agreement (NAFTA). Eric LeCompte, Executive Director of the religious development group Jubilee USA, releases the following statement: “Trade is a critical component of easing poverty and promoting development.‎ New NAFTA negotiations... Continue reading
Posted Aug 16, 2017 at The Jubilee Blog
By: Abby Wilhelm Senator Marco Rubio (R-FL) and Senator Ron Wyden (D-OR) introduced the Corporate Transparency Act. The bill requires corporations to register the identities of the owners who benefit from the business. The information is then available for law... Continue reading
Posted Aug 3, 2017 at The Jubilee Blog
By: Abby Wilhelm Puerto Rico religious leaders are urging Congress to reduce child poverty on the island by granting equal access to US health care funding and child tax benefits.‎ “We are grateful that Congress moved forward a process to... Continue reading
Posted Aug 2, 2017 at The Jubilee Blog
By:Nomin Angarag President Barack Obama signed the Dodd–Frank Wall Street Reform and Consumer Protection Act into federal law seven years ago today. Dodd-Frank was a widespread reform created in direct response to the 2008 market crash. It promotes financial stability,... Continue reading
Posted Jul 21, 2017 at The Jubilee Blog
By: Abby Wilhelm On Thursday, Members of Congress took aim at a new banking and lending rule from the Consumer Financial Protection Bureau. Senators and Representatives introduced companion measures to repeal the bureau's rule that makes it easier for consumers... Continue reading
Posted Jul 21, 2017 at The Jubilee Blog
By Abby Wilhelm Ahead of President Trump's first G20 meeting in Germany this weekend, Mozambique released an audit exposing violations of the country's laws to secure now-defaulted loans. Nearly $2 billion in loans were secured by the government of Mozambique... Continue reading
Posted Jul 5, 2017 at The Jubilee Blog
By Abby Wilhelm The European Parliament is set to vote on landmark corporate transparency rules known as "country-by-country" reporting. Under the new law all major multinational corporations, including US businesses that work in Europe, will publicly disclose taxes and other... Continue reading
Posted Jul 3, 2017 at The Jubilee Blog
By Abby Wilhelm Puerto Rico's oversight board is holding its eighth public meeting in San Juan at the Sheraton Hotel Convention Center. In executive session on Tuesday, the board rejected a debt restructuring deal between bond holders and‎ Puerto Rico's... Continue reading
Posted Jun 30, 2017 at The Jubilee Blog
By Abby Wilhelm Representatives Carolyn Maloney (D-NY) and Peter King (R-NY) heralded the House introduction of the Corporate Transparency Act at a press conference at the House Triangle. The bill aims to prevent shell companies from hiding corrupt and criminal... Continue reading
Posted Jun 28, 2017 at The Jubilee Blog
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By: Abby Wilhelm Monday was the deadline to send recommendations on NAFTA renegotiation objectives to the US Trade Representative, Robert Lighthizer. Jubilee USA's Eric LeCompte and Jennifer Hojaiban sent a letter urging that trade negotiations ‎promote development, fair dispute arbitration... Continue reading
Posted Jun 14, 2017 at The Jubilee Blog
The House passed the Financial Choice Act repealing multiple‎ measures enacted by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. “This legislation erodes protections that are meant to prevent future financial crisis. It also encourages high-risk speculative investment,... Continue reading
Posted Jun 9, 2017 at The Jubilee Blog
The House of Representatives passed the Financial Choice Act and repealed ‎several measures enacted by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. In passing the Financial Choice Act, the House rolled back requirements for oil, gas and... Continue reading
Posted Jun 8, 2017 at The Jubilee Blog
76 countries and jurisdictions committed to closing corporate tax loopholes at the Organization for Economic Cooperation and Development (OECD) in Paris. The agreement builds on efforts from the OECD-G20 Base Erosion and Profit Shifting (BEPS) action plan. Eric LeCompte, Executive... Continue reading
Posted Jun 7, 2017 at The Jubilee Blog
By: Abby Wilhelm The G7 concluded their meetings in Taormina, Italy and released their communique. Eric LeCompte, Executive Director of Jubilee USA, releases the following statement: "We received a short communique from the G7 and it was too short on... Continue reading
Posted May 27, 2017 at The Jubilee Blog
By: Abby Wilhelm As G7 leaders continue to meet in Taormina, Italy, relief groups like Oxfam International are intensifying calls for aid monies to address famine. Twenty million people are suffering the affects of famine and ‎the UN calls for... Continue reading
Posted May 26, 2017 at The Jubilee Blog
By: Abby Wilhelm World leaders head to Taormina, Italy for the G7 Summit. ‎The May 26-27 gathering includes Heads of State from United States, Japan, Canada, Italy, United Kingdom, France and Germany. "Building the Foundations of Renewed Trust" is this... Continue reading
Posted May 25, 2017 at The Jubilee Blog
By Abby Wilhelm United Nations Deputy Secretary-General Amina Mohammed and the IMF's Christine Lagarde join world leaders for the Financing for Development (FfD) Forum at UN Headquarters. The meetings come almost two years after the Addis Ababa FfD Summit to... Continue reading
Posted May 23, 2017 at The Jubilee Blog
By Abby Wilhelm Puerto Rico religious leaders sent a letter to Judge Laura Taylor Swain as she presides over the first bankruptcy proceeding in San Juan to restructure more than $70 billion in debt.‎ “We are grateful you are here... Continue reading
Posted May 17, 2017 at The Jubilee Blog
By Abby Wilhelm Puerto Rico bankruptcy proceedings to restructure an over $70 billion debt begin on Wednesday in San Juan. The Title III debt restructuring process was created as a part of debt crisis legislation that was signed into law... Continue reading
Posted May 16, 2017 at The Jubilee Blog
By: Abby Wilhelm The Consumer Financial Protection Bureau (CFPB) escaped a May 11th deadline for Congress to void a rule designed to give prepaid card users similar protections as debit card users. Congress could have used the Congressional Review Act... Continue reading
Posted May 12, 2017 at The Jubilee Blog
By: Abby Wilhelm Puerto Ricans from across the United States and the Caribbean island are meeting in New York City to discuss ‎the island's economic crisis. The "Diaspora Summit II" is organized by Centro, a center for Puerto Rican studies... Continue reading
Posted May 12, 2017 at The Jubilee Blog
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By Natalia Kolbjornsen Eric LeCompte, Jubilee USA's executive director, wrote a letter to Congress urging them to protect the debt restructuring process created by the Puerto Rico Oversight, Management and Economic Stability Act (Public Law No 114-187, “PROMESA”). He has... Continue reading
Posted Apr 27, 2017 at The Jubilee Blog
By: Greg Williams Puerto Rico's oversight board meets on April 28th in New York and could authorize a bankruptcy process for debt ridden island. On May 1st Puerto Rico's loses protections from debt lawsuits and authorizing bankruptcy or "Title III"... Continue reading
Posted Apr 27, 2017 at The Jubilee Blog
By Greg Williams Before May, protections expire that shelter Puerto Rico from debt lawsuits and predatory financial groups popularly known as "vulture" funds. The Catholic Archbishop of San Juan and Puerto Rico's Bible Society head are calling on the island's... Continue reading
Posted Apr 25, 2017 at The Jubilee Blog