The Treasury Advisory Committee on Racial Equity is a newly created advisory Committee convening to identify, monitor and review aspects of the domestic economy that have directly and indirectly resulted in unfavorable conditions for Black, Latino, and Indigenous and Native American persons, Asian Americans and Pacific Islanders and other persons of color.
“A critical piece of executing on our racial equity goals is bringing a wide set of outside perspectives and lived experiences to the decision-making table. The Treasury Advisory Committee on Racial Equity, made up of members with wide-ranging backgrounds and expertise, will provide important insight and advice to leadership across the department to bolster and inform our equity efforts.” - Secretary of the Treasury Janet L. Yellen
David N. Dinkins Professor of Professional Practice in Urban and Public Affairs, Columbia University and former Mayor of Philadelphia (Chair)
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. If appointed, Michael Nutter would represent local government.
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. If appointed, Felicia Wong would represent the non-profit sector.
Deputy Director, Inclusive Action for the City
Inclusive Action for the City is a community development organization whose mission is to bring people together to build strong, local economies that uplift low-income urban communities through advocacy and transformative economic development initiatives. Nicole oversees programs and operations to expand and deepen overall organizational impact. Nicole is also the founder of Collectivist, an independent consultancy providing knowledge and support services to public and social sector organizations, networks, teams, and individuals. Nicole has a strong background in teaching design-led Research that emphasizes participatory, systems, power/equity, complexity, strategy, and synthesis methods. If appointed, Nicole Anand would represent community development organizations.
President and CEO, LiftFund, Inc
Janie founded the non-profit organization in 1994. LiftFund provides small business loans and management training to micro and small businesses in 15 States along the South. Prior to leading LiftFund, Janie worked at the Headquarters US Air Force Morale, Welfare, Recreation and Services (MWRS), where she was responsible for the development and management of the US Air Force MWRS marketing department. Janie has a strong background in small loans, management training, marketing and fund raising. If appointed, Janie Barrera would represent community development financial institutions.
Executive Vice President & General Counsel, Alaska Federation of Natives.
Nicole provides opinions and advice to the President of the organization on all Alaska Native legislative and litigation matters, including subsistence rights, voting rights, and public safety rights. Prior to joining the Alaska Federation of Natives, Nicole worked as attorney for several law firms and organizations, providing legal advice on issues, such as, governmental affairs, healthcare services, and low-income housing. Nicole has a strong background in law. If appointed, Nicole would represent tribal governments.
Martin D. Ginsburg Chair in Taxation and Professor of Law, Georgetown University
Dr. Brown is the Martin D. Ginsburg Chair in Taxation and an advocate for economic and social justice. Dorothy is the author of the following books: The Whiteness of Wealth: How The Tax System Impoverishes Black Americans – And How We Can Fix It, and Critical Race Theory: Cases, Materials and Problems, and co-author of Federal Income Taxation: Cases, Problems, and Materials. Dr. Brown has a strong academic background in federal income tax, partnership tax, corporate tax, and critical race theory. If appointed, Dr. Dorothy A. Brown would serve as a Special Government Employee (SGE).
Chief Executive Officer, Hope Enterprise Corporation, Hope Federal Credit Union, Hope Policy Institute
William (Bill) J. Bynum, Chief Executive Officer, HOPE (Hope Enterprise Corporation, Hope Federal Credit Union, Hope Policy Institute).
Bill leads an organization that strengthens communities, builds assets, and improves lives in Alabama, Arkansas, Mississippi, Louisiana, and Tennessee by providing financial services; aggregating resources; and engaging in advocacy to mitigate the extent to which factors such as race, gender and birthplace limit one’s ability to prosper. Prior to joining HOPE, Bill served as Director of Programs for the North Carolina Rural Economic Development Center, where he designed and managed business, infrastructure financing programs. Bill has a strong background in financial services, advocacy, and rural development. If appointed, William (Bill) J. Bynum will represent financial institutions serving unbanked/underbanked communities.
Executive Director, Black Economic Alliance
David leads a coalition of Black CEOs working to build infrastructure for Black wealth building at scale through advocacy, political action, strategic investments, and philanthropic initiatives. Prior to David’s transition to Black Economic Alliance, David was a Managing Director at JPMorgan Chase & Co, where he directed the firm’s lobbying efforts, managed relationships with public officials and advised senior leaders on navigating political issues. David also focused on the firm’s philanthropic initiatives and policy priorities as well as crisis management and response. David has a strong background in Black economic mobility, strategic engagement with diverse communities, consensus building and initiative development. David G. Clunie’s experience working with CEOs for a variety of businesses qualifies him to represent, if appointed, the business community.
President & CEO of Prosperity Now
Gary leads a non-profit organization that champions economic opportunity and innovating beyond existing systems to build power for all communities. They advance racial and ethnic economic justice by investing in bold new ideas, and work at both the grassroots and national levels to impact the entire ecosystem. Gary has focused on identifying, scaling, and amplifying solutions to support marginalized communities. Prior to joining Prosperity Now, Gary served as the President and CEO of Metropolitan Economic Development Association where he enhanced its reputation and fundraising, increased earned income, increased lending capital, and led creation of a successful Community Development Financial Institution (CDFI). Gary has a strong background in public policy, community-based programs, public health, philanthropy, and racial economic justice. If appointed, Gary L. Cunningham would represent the financial capability non-profit sector.
President and Chief Executive Officer, National Bankers Association (NBA)
Nicole leads the trade association that works to support and strengthen America’s minority-owned and -operated banks, and its 501(c)(3) nonprofit affiliate where she manages philanthropic and programmatic efforts focused on closing the racial wealth gap for underserved and underbanked communities. Prior to NBA, Nicole served as the Vice President, Government Relations Manager at JPMorgan Chase & Co. where she developed public policy positions and advocacy strategies. Nicole has a strong background in public affairs, stakeholder engagement, racial equity, and public policy. If appointed, Nicole Elam would represent the banking sector.
PDBF Distinguished Professor of Economics and International and Public Affairs, Brown University
Prior to John serving as a Professor at Brown University, John was the Special Assistant to the President for Economic Policy, National Economic Council, The White House. John has a strong academic background regarding the economic impacts of COVID-19, Income Segregation and Intergenerational Mobility, Measuring the Impacts of Teachers and Using Difference in Knowledge Across Neighborhood to Uncover the Impacts of the EITC on Earnings. John Friedman also co-founded and currently serves as the Director of Opportunity Insights, a non-profit that identifies barriers to economic opportunity and develop scalable solutions that will empower people throughout the United States to rise out of poverty and achieve better life outcomes. If appointed, John Friedman would represent the non-profit sector.
Managing Partner, Portfolio Manager, Garcia Hamilton & Associates, L.P.
Gilbert oversees all operations of the firm in addition to leading the investment team. Gilbert has final decision-making responsibilities over all portfolios. Gilbert is the longest serving Board Member for Sponsors for Educational Opportunity, a non-profit organization providing summer internships on Wall Street for minority undergraduates. Gilbert has a strong background in investments and increasing transparency regarding diversity and inclusion in the financial industry. If appointed, Gilbert Garcia would represent diverse asset managers.
President & CEO, Pacific Community Ventures
Bulbul leads a non-profit organization CDFI addressing racial wealth gaps through black, indigenous, and people of color (BIPOC) entrepreneurs, under-estimated communities, through the power of a good quality job. Bulbul serves as an Adjunct Professor, Impact Investing, for U.C. Berkeley, Haas School of Business, and has a background in advising CEOs & leadership on social innovation, impact investment and responsible technology strategies and policies. She started her career on and off Capitol Hill, working on social safety net and economic development policies. If appointed, Bulbul Gupta would represent community development financial institutions.
University Professor and Henry Cohen Professor of Economics and Urban Policy, The New School
Dr. Hamilton serves as a Commissioner on the New York City Racial Justice Commission and has joint appointments in the Milano School of Policy, Management and the Environment, The New School for Public Engagement and Department Economics, and The New School for Social Research, The New School New York, NY. Dr. Hamilton has a strong academic background in economics, and the study of race and ethnicity. If appointed, Dr. Darrick Hamilton would represent local government.
President and CEO, PolicyLink
At PolicyLink, Michael ensures that all people in America—particularly those who face the burdens of structural racism—participate in a flourishing multiracial democracy, prosper in an equitable economy, and live in a thriving community of opportunity. During his time at PolicyLink, Michael has played a leadership role in securing Promise Neighborhoods as a permanent federal program, led efforts to improve outcomes for more than 300,000 children, and facilitated the investment of billions of dollars in neighborhoods of concentrated poverty. He is the catalyst for a new and growing body of work — corporate racial equity — which includes the first comprehensive tool to guide private-sector companies in assessing and actively promoting equity in every aspect of their company’s value chain. Before joining PolicyLink, Michael was with the US Department of Housing and Urban Development (HUD), where he managed a community and economic development portfolio and partnered with local leaders in Chicago to create more than 3,000 units of affordable housing and 5,000 jobs and ensure access to human services for more than 200,000 families. Michael has a strong background in human and organizational learning, public administration, and political science. If appointed, Michael McAfee will represent the community and economic development organizations.
Michael is leading Mastercard into a more digital world where it powers economies and empowers people by harnessing innovation and the continued application of new technologies. Earlier in Michael’s career Michael held senior roles at both Barclays Bank and Citibank. Michael has a strong background in collaborative approaches that create scalable and trusted solutions for the exchange of payments and data. If appointed, Michael Miebach would represent financial services.
Founder and President, 9th & Clinton Advisory.
Gina leads a national firm that provides strategic advisory and investment structuring expertise to real estate developers, fund managers, nonprofits and for-profit organizations investing for impact. Prior to founding 9th & Clinton Advisory, Gina served with Citigroup in a variety of positions where Gina expanded products and services tailored to meet the needs of low-income communities, sourced real estate and operating business projects, and managed portfolio of loans and investments to execute on highly impactful economic development transactions that provide investment in low-income communities. Gina has a strong background in investment structuring for real estate developers, fund managers, nonprofits and for-profit organizations investing for impact. If appointed, Gina D. Nisbeth would represent investment advisors.
Co-President, Community Change & Community Change Action
Community Change & Community Change Action is a national organization that works to engage communities to encourage change through voting and other initiatives. Prior to joining Community Change & Community Change Action, Lorella was the Deputy National Political Director and Director of Immigration Policy & Campaigns for the American Civil Liberties Union, where she directed the national immigration program, worked on mission setting and skill building for the national political department and cultivated relationships with funders and foundation leaders. Lorella has a strong background in advocacy. If appointed, Lorella Praeli would represent the civic engagement non-profit sector.
Founding CEO, Mission Asset Fund
José leads a non-profit organization that helps financially excluded, particularly low-income and immigrant families integrate into the financial mainstream by offering innovative and culturally relevant financial programs, products, and services so that they can become visible, active, and successful actors in the financial mainstream. Prior to founding Mission Asset Fund, José was the California Outreach Director for the Center for Responsible Lending. In that role, José provided strategic analysis on anti-predatory state legislation and educated state legislators to block predatory lending practices. José has a strong background advocating for social justice and economic empowerment. If appointed, José A. Quiñonez would represent financial access non-profits.
Chief Investment Officer, W.K. Kellogg Foundation (WKKF)
WKKF invests in promoting thriving children, working families and equitable communities through social investments. As part of the foundation’s investment team, Carlos collaborates on the foundation’s investment strategy, sourcing investments, manager selection, risk budgeting, and overlays. Prior to being selected as the Chief Investment Officer, Carlos served as the Director of Investments, Director of Investments and Risk Management and as a Senior Portfolio Manager. Carlos has a strong background in harnessing financial markets to create conditions where all children have an equitable opportunity to thrive. Carlos’ background also includes equity research, asset allocation, risk management and corporate diversity, equity, and inclusion (DEI) implementation within the WKFF’s racial equity, diversity, and inclusion framework. If appointed, Carlos Rangel would represent philanthropic investment managers.
Co-Founder, Known Holdings
Valerie Red-Horse Mohl, is Co-Founder of Known Holdings, a BIPOC owned financial services growth platform focused on eliminating the racial wealth gap; she is also the CFO of East Bay Community Foundation, where she leads the transition to ESG, racial equity & diverse manager investing priorities She has more than 25 years of senior leadership experience in the financial services, asset management and investment banking industries with a unique expertise in Native American tribal finance. She serves as Board Chair of the Center for Comparative Studies in Race and Ethnicity at Stanford University where she also teaches two courses on Entrepreneurship for Racial Equity. If appointed, Valerie Red-Horse Mohl would represent asset allocators and community development organizations.
Chief Executive Officer, Code for America
Amanda leads an organization that helped launch the civic tech ecosystem 10 years ago and today, is focused on innovating with government to reduce poverty and advance equity by strengthening the social safety net system, improving access to tax benefits, righting the wrongs of the criminal justice system, and fostering active civic engagement across the country. Prior to transition to Code for America, Amanda was the Interim President and Senior Advisor for Emerge America, an organization that trains Democratic women to run for elected office at all levels of government. Amanda has significant experience in public policy, economic initiatives, banking, finance, tax, budget, and workforce development. If appointed, Amanda Renteria would represent the technology and non-profit sectors.
Founder, Chairman & Co-CEO, Ariel Investments
John founded Ariel to focus on patient, value investing within small and medium sized companies. Known for his patient and contrarian investing philosophy, which uses the market’s short-term focus to uncover mispriced companies whose true value will be realized over time. John also serves as Vice Chair of the Board of Trustees at the University of Chicago. John has a strong background in investing. John Rogers’ appointment would be conditional on a favorable outcome of his security background check. If appointed, John Rogers would represent diverse asset managers.
President and Chief Executive Officer, National Asian/Pacific Islander American Chamber of Commerce & Entrepreneurship (National ACE)
Chiling serves as a strong advocate for Asian American & Pacific Islander (AAPI) interests on all issues that enhance and advance the goals and aspirations of AAPI business owners, entrepreneurs, and corporations. National ACE works closely with over 100 AAPI affiliate chambers and partner organizations throughout the country to bring much needed resources to 2.65 million AAPI small businesses.
Chiling is the Founder of the International Leadership Foundation, where she promoted civic awareness, public service, and economic effectiveness of the AAPI youth community. Chiling also served as the Deputy Assistant Secretary at the International Trade Administration and as Chief of Staff at the Minority Business Development Agency, Department of Commerce. Chiling has a strong background in public service, entrepreneurship, and the international arena. Tong was an Ash Center Research fellow at the Harvard Kennedy School. If appointed, Chiling Tong would represent trade organizations and small business development organizations.
Executive Director, The Association for Neighborhood Housing & Development (ANHD)
Barika oversees the organizations work on bank investment, housing, economic development, land-use, and planning with a staff of 16 and an annual budget of over $3 million. Prior to joining ANHD, Barika served as the Assistant Secretary of Housing for the Office of the Governor, New York. In addition to a background in urban economic development, Barika has a strong background in housing policy, including zoning, tax reform, fair housing, and displacement prevention. If appointed, Barika Williams would represent residential community real estate development organizations.