IV 
118TH CONGRESS 
2D SESSION 
H. RES. 1101 
Expressing support for the House of Representatives to work alongside the 
Congressional Black Caucus to build the Black Wealth Agenda and 
outline the legislative priorities to achieve the Black Wealth Agenda. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 21, 2024 
Mr. HORSFORD (for himself, Mr. JOHNSON of Georgia, Mr. IVEY, Ms. LEE 
of California, Ms. SEWELL, Mrs. BEATTY, Ms. STRICKLAND, Mr. GREEN 
of Texas, Mrs. CHERFILUS-MCCORMICK, Ms. ADAMS, Ms. KELLY of Illi-
nois, Ms. MOORE of Wisconsin, Ms. NORTON, Mr. THOMPSON of Mis-
sissippi, Mr. JACKSON of Illinois, Ms. MCCLELLAN, Mr. MEEKS, Mrs. 
WATSON COLEMAN, Ms. UNDERWOOD, Ms. WILLIAMS of Georgia, Ms. 
JACKSON LEE, Mrs. MCBATH, Mr. NEGUSE, Mr. CLYBURN, Mr. DAVIS 
of Illinois, Mr. MFUME, Mr. CARTER of Louisiana, Ms. BLUNT ROCH-
ESTER, Mr. VEASEY, Mr. CLEAVER, Ms. CROCKETT, Ms. CLARKE of New 
York, Mr. PAYNE, Mrs. FOUSHEE, Ms. PLASKETT, Ms. WATERS, Ms. 
KAMLAGER-DOVE, Mr. SCOTT of Virginia, Ms. BUSH, Ms. OMAR, Ms. 
WILSON of Florida, Ms. BROWN, Mr. EVANS, Mr. FROST, Mr. ALLRED, 
Mr. AMO, Ms. PRESSLEY, Ms. LEE of Pennsylvania, Mr. BISHOP of Geor-
gia, Mrs. SYKES, Mr. DAVID SCOTT of Georgia, Mr. TORRES of New 
York, Mrs. HAYES, Mr. DAVIS of North Carolina, Mr. BOWMAN, Mr. 
CARSON, and Mr. JEFFRIES) submitted the following resolution; which 
was referred to the Committee on Education and the Workforce, and in 
addition to the Committees on Financial Services, and Ways and Means, 
for a period to be subsequently determined by the Speaker, in each case 
for consideration of such provisions as fall within the jurisdiction of the 
committee concerned 
RESOLUTION 
Expressing support for the House of Representatives to work 
alongside the Congressional Black Caucus to build the 
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Black Wealth Agenda and outline the legislative priorities 
to achieve the Black Wealth Agenda. 
Whereas 2022 data from the Federal Reserve System has 
showed that the racial wealth gap in the United States 
has persisted into the 21st century, as the average per 
capita wealth for White people in the United States was 
$284,310 compared to only $44,100 for Black people in 
the United States; 
Whereas access to high-quality education has been identified 
as a key factor in narrowing the racial wealth gap in the 
United States, yet extraordinary income inequality has 
diminished opportunities for families from low-income 
backgrounds; 
Whereas educational segregation by income poses a threat to 
the promise of equal opportunities in education; 
Whereas the failure of the Federal Government to effectively 
address growing inequality has resulted in decreased eco-
nomic mobility rates in the United States and made the 
American dream more elusive, as evidenced by a decline 
in the fraction of children who earn more than their par-
ents, primarily due to the growth in inequality; 
Whereas the enduring legacy of Jim Crow laws, which aimed 
to lower economic progress of Black people in the United 
States through racial segregation, disenfranchisement, 
and limitation of geographic mobility, has left a lasting 
imprint on the socioeconomic standing of Black people in 
the United States; 
Whereas Jim Crow laws directly targeted education and other 
areas of life, significantly hindering the pursuit of pros-
perity by Black people in the United States and contrib-
uting to the persistent economic divide; 
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Whereas homeownership in the United States, a critical ave-
nue for wealth building, remains significantly less attain-
able for Black people compared to White people, with dis-
parities in homeownership rates exceeding 30 percent in 
some cities, exacerbating the racial wealth gap and hin-
dering the ability of Black families to accumulate and 
pass down wealth across generations; 
Whereas homes in majority-Black neighborhoods in the 
United States are systematically undervalued compared 
to those in predominantly White areas, with the devalu-
ation contributing to underfunded public services, includ-
ing education, and perpetuating a cycle of economic dis-
advantage and inequality for Black people residing in 
these communities; 
Whereas employment discrimination has resulted in higher 
unemployment rates and lower wages for Black people in 
the United States compared to their White counterparts, 
with Black workers being disproportionately represented 
in low-wage positions and underrepresented in high-wage 
executive roles; 
Whereas the war on drugs and discriminatory criminal justice 
policies in the United States have led to mass incarcer-
ation of Black people at rates significantly higher than 
White people, disrupting families, limiting employment 
opportunities, and imposing financial burdens that hinder 
wealth accumulation; 
Whereas systemic racism in healthcare has created disparities 
in access to quality care and outcomes for Black people 
in the United States, leading to higher healthcare costs 
and economic instability for affected families, further 
widening the racial wealth gap; 
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Whereas Black people in the United States face significant 
barriers in accessing financial services and capital, with 
a lower likelihood of loan approval and higher interest 
rates compared to White applicants, limiting opportuni-
ties for business ownership and investment; 
Whereas, according to an analysis by Citi Group, disparities 
for Black people across the economic system of the 
United States from 2004 to 2024 have cost the economy 
$16,000,000,000,000; 
Whereas 14.4 percent of the population in the United States 
is Black, yet Black households hold only 4 percent of 
total household wealth compared to 84 percent held by 
White households; 
Whereas unions significantly reduce racial wage gaps and ra-
cial wealth gaps are generally smaller among union mem-
bers as a result of the enhanced job protections that 
workers covered by a union contract enjoy; 
Whereas the median nonunion white family has more than 
$7.00 in wealth for every $1.00 held by the median non-
union Black family, but that ratio is roughly half as large 
among union families, with the median union White fam-
ily holding $3.70 in wealth for every $1.00 held by the 
median union Black family; 
Whereas, in 2022, the median income for Black households 
in the United States was $52,860 compared to a median 
income of $81,060 for White households; 
Whereas, according to economic data from the Federal Re-
serve— 
(1) only 46 percent of Black households in the 
United States owned their home, compared to 75 percent 
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of White households, a disparity on par with the 1960’s; 
and 
(2) the unemployment rate for Black workers in the 
United States is consistently twice as high as it is for 
White workers; 
Whereas addressing economic disparities for Black people in 
the United States requires reimagining governmental and 
societal policies and practices, which have been rooted in 
discriminatory intent since the founding of the United 
States; 
Whereas addressing the racial wealth gap in the United 
States must be a holistic effort concentrated across sev-
eral policy principles, including entrepreneurship, finan-
cial services, affordable housing, workforce development, 
protecting and promoting civic participation, and reform-
ing tax policy; 
Whereas we must commit to growing the economy of the 
United States by creating legislative solutions that 
deconstruct barriers to economic opportunities for Black 
people and that build Black intergenerational wealth; 
Whereas the Congressional Black Caucus believes it is of the 
utmost importance— 
(1) to enact legislation that boosts equitable out-
comes; and 
(2) to coordinate a legislative agenda that cements 
positive changes and reinforces a commitment to pre-
serving Black economic prosperity in the United States; 
Whereas the Black Wealth Agenda will have an amplified im-
pact on all policy areas where existing oppressive regula-
tion prevents progress; and 
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Whereas, from removing barriers to quality healthcare for 
Black people in the United States, to addressing environ-
mental justice issues for Black communities that continue 
to be on the frontlines of the climate crisis, it is clear 
that a holistic approach is critical to closing the economic 
divide: Now, therefore, be it 
Resolved, That the House of Representatives— 
(1) commits— 
(A) to promoting Black entrepreneurship 
by expanding funding solutions, strengthening 
outreach to educate communities in the United 
States; and 
(B) to reforming policies that have created 
obstacles to success for Black businesses; 
(2) supports establishing forward-looking entre-
preneurial goals and driving communities to the cen-
ter of innovation in the 21st century by— 
(A) creating opportunities in sectors such 
as— 
(i) green energy; 
(ii) technology; and 
(iii) healthcare; and 
(B) building a workforce to be an invest-
ment in a better future; 
(3) asserts that systemic discrimination in the 
housing market in the United States has greatly 
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contributed to the widening of the racial wealth gap 
and must be rectified; 
(4) will create solutions to address the afford-
able housing crisis in the United States by increas-
ing the supply of available housing, reducing housing 
costs generally, enhancing programs to support and 
protect renters, and enforcing anti-discrimination 
laws; 
(5) supports initiatives to build the Black work-
force and equip the Black community in the United 
States with the necessary tools to compete for stable 
jobs in every career and at every career level; 
(6) recognizes that as Black people in the 
United States are overrepresented in minimum wage 
jobs, the Federal minimum wage must be updated to 
reflect inflation; 
(7) acknowledges that additional necessary re-
forms addressing the economic disparity in the 
United States include improvements to career path-
ways programs, investing in historically Black col-
leges and universities, increasing the affordability of 
post high-school education, expanding access to ap-
prenticeship and job skills training programs, and 
other solutions that maximize the potential of the 
Black workforce; 
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(8) supports the goal of expanding economic op-
portunity, equity, and wealth creation for Black peo-
ple in the United States at every socioeconomic level, 
in every industry, and in every residential setting, 
with progress toward this goal— 
(A) being monitored, evaluated, and en-
hanced by Federal agencies that have relevant 
programs and initiatives; and 
(B) requiring that Black people in the 
United States be able to build a financially se-
cure retirement; 
(9) must support tax reform initiatives for 
Black families in the United States that— 
(A) help secure retirement, end poverty, 
and increase homeownership affordability; 
(B) sustain students, families, and the 
economy; and 
(C) 
facilitate 
the 
accumulation 
of 
generational wealth; and 
(10) must commit to creating equitable and bal-
anced tax policy in the United States that levels the 
economic playing field, addresses wealth concentra-
tion, and advances opportunities for economic gain. 
Æ 
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