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Treasury Advisory Committee on Racial Equity

(TACRE) Meeting 

December 7, 2023
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Agenda

Call to Order/Roll Call 1:00 – 1:05 Snider Page, DFO 

Opening Remarks 1:05 – 1:12 Michael Nutter, Chair & 

Felicia Wong, Vice Chair

Treasury Opening Remarks 1:12 – 1:15 Janis Bowdler, Counselor for Racial Equity

Introduction of Suzanna Fritzberg 1:15 – 1:17 Janis Bowdler, Counselor for Racial Equity 

Briefing on Financial Inclusion and Q&A 1:17 – 1:27 Suzanna Fritzberg, Deputy Assistant 

Secretary for Consumer Policy 

Introduction of Treasury Deputy Secretary 1:27 – 1:30 Janis Bowdler, Counselor for Racial Equity

Deputy Secretary Remarks and Q&A 1:30 – 2:00 Deputy Secretary Wally Adeyemo 

Introduction of Joelle Gamble and 2:00 – 2:05 Felicia Wong, Vice Chair 

John Podesta

Briefing on Investing in America 2:05 – 2:30 Joelle Gamble, Deputy Director, 

White House National Economic Council 
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Agenda cont.

Briefing on IRA Implementation 2:30 – 3:00 John Podesta, White House 

Senior Advisor to the President for Clean 

Energy Innovation and Implementation

Introduction of Graham Steele 3:00 – 3:05 Janis Bowdler, Counselor for Racial Equity 

CDFI Certification Rollout 3:05 – 3:20 Graham Steele, Assistant Secretary for

Financial Institutions 

Subcommittee Briefings 3:20 – 4:20 Michael Nutter, Chair

• Research and Data Equity 3:20 – 3:35 Dr. Dorothy Brown & Dr. John Friedman 

• IRA Implementation 3:35 – 3:50 Amanda Renteria 

• Financial Health & Capital Access 3:50 – 4:05 Bulbul Gupta & Valerie Red-Horse Mohl 

• Internal Staffing and Culture 4:05 – 4:20 Michael McAfee 

Committee Discussions/Recommendations 4:20 – 4:40 All 

Review/Discussion on Public Comments 4:40 – 4:50 Felicia Wong, Vice Chair 

New Business/Next Meeting (Mar./Apr. Offsite) 4:50 – 5:00 Michael Nutter, Chair

Adjourn 5:00 Michael Nutter, Chair
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Call to Order/Roll Call 

Snider Page, Designated Federal Official/Acting Chief, 

Office of Diversity, Equity, Inclusion and Accessibility 
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Welcome and Opening Remarks 

Michael Nutter, Chair 

Felicia Wong, TACRE Vice-Chair
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Opening Remarks – TACRE Chair/Vice Chair 

Felicia Wong (Vice-Chair)

President and Chief Executive Officer, The Roosevelt 

Institute

Felicia Wong, President and 

Chief Executive Officer, The 

Roosevelt Institute. Felicia 

leads this non-profit 

organization, which focuses 

on progressive economics, 

invests in young leaders, and 

advances policies that bring 

the legacy of Franklin and Eleanor Roosevelt into the 21st 

century. Felicia is a political scientist whose work has 

focused on identifying barriers to an inclusive economy, 

industrial strategy, decarbonization, economic 

transformation, and strategies for long-term political 

change. Felicia Wong represents the non-profit sector.

Michael Nutter (Chair)

David N. Dinkins Professor of Professional Practice in 

Urban and Public Affairs, Columbia University and 

former Mayor of Philadelphia

Prior to being a Professor 

for Columbia University, 

Michael served as the 

Mayor, City of Philadelphia 

for eight years, where he 

made significant progress 

on high school graduation 

and college degree 

attainment rates, adding hundreds of miles of bike 

lanes and trails and launched the first low-income 

friendly bike share system in America. Michael actively 

recruited businesses to set up shop in Philadelphia, 

with tax reforms, better business services and 

international trade missions. Michael made a 

commitment to strong financial stewardship, resulting 

in the City’s credit rating being upgraded to “A” 

category by the three major credit rating agencies for 

the first time since the 1970s. Michael has a strong 

background in management of a large urban center, 

public service, and civic engagement. Michael Nutter 

represents local government.
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Treasury Opening Remarks 

Janis Bowdler, Racial Equity Counselor 
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Opening Remarks - Racial Equity Counselor 

Janis Bowdler serves as Treasury's first Counselor for Racial Equity. Prior to Treasury, she

has spent the last two decades advancing economic equity solutions for 

communities of color and breaking down the barriers that underpin the disparities in 

wealth and financial security by race and gender.

Janis’ career has spanned local service, national advocacy, and international 

philanthropy. She launched her career in her native Northeast Ohio with Famicos 

Foundation, a community development corporation working in the Hough and Glenville 

neighborhoods of Cleveland, Ohio. As a Project Manager she developed and preserved 

affordable homeownership and rental opportunities for the residents of these historically 

African American neighborhoods.

She then spent 10 years at UnidosUS, then National Council of La Raza, advocating for 

economic mobility opportunities for Latino families. As the Director of Economic Policy, she 

led research, advocacy, and policy development in the areas of job creation and job quality, 

retirement security, housing, banking, community development and consumer protection.

Most recently, Janis served the President of the JPMorgan Chase & Co. Foundation. Under her leadership, the firm launched several 

critical initiatives that have expanded capital for entrepreneurs of color, improved access to banking products and services, expanded 

access to new job skills, and built more inclusive neighborhoods. Janis played a critical role in developing the firm’s incremental $30 

billion racial equity commitment.

Janis has authored a number of publications on financial opportunity and economic mobility. Most recently, she co-authored “Building 

Equitable Cities: How to Drive Economic Mobility and Regional Growth” with Henry Cisneros and Jeff Lubell.

Janis received a Bachelor of Arts degree from Malone College in Canton, Ohio and a Master of Science degree from Cleveland State

University. She is a proud Latina, a yoga instructor, mom to one daughter, two dogs, and a bunny. She lives with her husband and her 

family in Takoma Park, Maryland.
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Introduction of Suzanna Fritzberg 

Janis Bowdler, Racial Equity Counselor 
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Suzanna Fritzberg, Deputy Assistant Secretary for Consumer Policy 

Suzanna Fritzberg currently serves as the Deputy Assistant 

Secretary for Consumer Policy. Prior to serving in this role, she 

served as a Senior Advisor to the Under Secretary for Domestic 

Finance. Suzanna joined the Administration with experience in 

economic development at the state and local level, most 

recently founding and leading a public-private partnership for 

COVID relief in Birmingham, Alabama, where she worked 

directly with community members, elected leaders, small 

businesses, and institutional partners. She began her career in 

public service as Deputy Chief of Staff to Mayor Pete Buttigieg in 

the City of South Bend, Indiana, and served as a policy advisor to 

his 2020 campaign, where she led work on economic mobility. 

Fritzberg served on the Biden-Harris Treasury transition team 

and was a co-convener of the Biden-Harris campaign economic 

policy committee. Originally from Washington State, Fritzberg is 

a graduate of Yale University and the University of Oxford.
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Introduction of Treasury Deputy Secretary 

Wally Adeyemo

Janis Bowdler, Racial Equity Counselor 
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Remarks – Deputy Secretary Adeyemo 

On March 26, 2021, Wally Adeyemo was sworn in as Deputy Secretary of 

the Treasury. He has been at the center of many of the country’s major 

economic policy decisions since the 2008 Financial Crisis and has worked in 

organizations across the public, private, and non-profit sectors to build a 

stronger and fairer economy. As Deputy Secretary, Adeyemo serves as the 

Treasury Department’s number two official and chief operating officer and 

has taken a leading role in Treasury’s national security, economic 

inequality, and pandemic-related economic recovery work.

Adeyemo previously served at Treasury during the Obama Administration 

as Senior Advisor and Deputy Chief of Staff under Secretary Tim Geithner 

and Secretary Jack Lew. Adeyemo also served as the first Chief of Staff of 

the Consumer Financial Protection Bureau before moving to the Obama 

White House in 2015. At the White House, Adeyemo served as Deputy 

National Security Adviser for International Economics and a Deputy 

Director of the National Economic Council. In this role, Adeyemo led 

policymaking on international finance, trade and investment, energy, and 

environmental issues and served as President Obama’s representative to 

the G7 and G20. 

After leaving government in 2017, Adeyemo served as the first president 

of the Obama Foundation and as a Senior Advisor at the Center for 

Strategic and International Studies and at BlackRock. 

Adeyemo holds a B.A. from the University of California at Berkeley and a 

J.D. from Yale Law School. 
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Introduction of Joelle Gamble and John Podesta 

Felicia Wong, Vice Chair 
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Investing in America - Joelle Gamble

Joelle Gamble serves as Deputy Director of the BidenHarris National Economic Council. Prior to that role, 

she was Chief Economist of the U.S. Department of 

Labor and Special Assistant to the President for 

Economic Policy at the National Economic Council. 

Joining the team on Day One, Joelle worked on a 

variety of issues including labor market policy, 

student and medical debt, and, now, industrial 

strategy. She joined the White House from an 

economic policy advisor role on the Presidential 

Transition. Before joining the Administration, Joelle 

worked as a principal for Omidyar Network’s 

economic program and served as a Director and 

Advisor to the CEO at the Roosevelt Institute. Joelle is 

graduate of UCLA and Princeton University.
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IRA Implementation – John Podesta 

John Podesta currently serves as a Senior Advisor 

to the President for Clean Energy Innovation and 

Implementation. John is the founder and chair of 

the Board of Directors for the Center for American 

Progress. Podesta also Chairs the board of 

ClimateWorks Foundation and serves on the Board 

of the Climate Jobs National Resource Center. 

Podesta served as counselor to President 

Barack Obama, where he was responsible for 

coordinating the administration’s climate policy and 

initiatives. In 2008, he served as co-chair of 

President Obama’s transition team. He was a 

member of the U.N. Secretary General’s HighLevel Panel of Eminent Persons on the Post-2015 

Development Agenda. Podesta previously served 

as White House chief of staff to President William J. 

Clinton. He chaired Hillary Clinton’s campaign for 

president in 2016.
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Introduction of Graham Steele

Janis Bowdler, Racial Equity Counselor 
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CDFI Certification Rollout - Graham Steele

Graham Steele serves as the Assistant Secretary for Financial Institutions at the 

U.S. Department of the Treasury. He is an expert on financial regulation and 

financial institutions, with more than a decade of experience working at the 

highest levels of law and policy in Washington, D.C.

Graham was previously the director of the Corporations and Society Initiative 

at Stanford Graduate School of Business, a research initiative that examines 

issues at the intersection of markets, business, and government to promote 

more accountable capitalism and governance.

Prior to joining Stanford GSB, Graham was a member of the staff of the Federal 

Reserve Bank of San Francisco. From 2015 to 2017, Graham was the Minority 

Chief Counsel for the United States Senate Committee on Banking, Housing & 

Urban Affairs. From 2010 to 2015 he was a Legislative Assistant for United 

States Senator Sherrod Brown (D-OH), handling the Senator’s work as a 

member of the Senate Banking Committee. During that time, he also spent 

four years as the staff director of the Subcommittee on Financial Institutions & Consumer Protection. Prior to joining 

Senator Brown’s staff, Graham was a policy counsel at Public Citizen’s Congress Watch in Washington, D.C.

Graham received his bachelors degree in political science from the University of Rochester and his law degree from 

The George Washington University Law School. He is originally from Brookline, Massachusetts, and is a member of 

the Massachusetts State Bar.
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Subcommittee Presentations 

for 

Full Committee Voting

Michael Nutter, TACRE Chair
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Subcommittees Chairs & Co-Chairs 

Research and Data Equity

Dr. Dorothy Brown Dr. John Friedman 

Martin D. Ginsburg Chair in Taxation PDBF Distinguished Professor of Economics 

& Professor of Law & International and Public Affairs 

Georgetown University Brown University

Inflation Reduction Act (IRA) Implementation

Amanda Renteria

CEO

Code for America

Financial Health Inclusion & Capital Access

Bulbul Gupta Valerie Red-Horse Mohl

President and CEO Co-Founder

Pacific Community Ventures Known Holdings

Internal Staffing & Culture

Michael McAfee

President and CEO

Policy Link
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Review of Public Comments 

Felicia Wong, TACRE Vice-Chair
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New Business/Next Meeting 

Expectations

Michael Nutter, TACRE Chair
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Final TACRE Comments/Adjourn 

Michael Nutter, TACRE Chair