Gov Hochul, Leader Stewart-Cousins, Speaker Heastie, and Chair Weinstein: Pass the New York Taxpayer and International Debt Crises Protection Act!
Hedge Fund billionaires are using New York State Courts to raid the coffers of low-income countries around the world, diverting billions of dollars away from some of the world’s most vulnerable people into the pockets of the richest of the rich – but New Yorkers have the chance to stop the pillage.
A bill under consideration right now in Albany, the New York Taxpayer and International Debt Crises Protection Act (A2970/S4747), would put these corporate vultures out of business overnight. Passing it is a no-brainer, but the same billionaires who benefit from the scheme are going all out to stop it.
With just days left until this year’s Legislative Session closes, New Yorkers need to turn up the pressure now! Write to Senate Leader Andrea Stewart Cousins, Assembly Ways and Means Chair Helene Weinstein, Assembly Speaker Carl Heastie, and Governor Kathy Hochul now, and tell them New Yorkers don’t want our courts enabling Wall Street’s greed – pass A2970/S4747 now!
More information:
New York state bill seen aiding poor country debt relief - The New York Times
Stiglitz Backs NY Bills That Cap EM Payouts as Trade Groups Fret - Bloomberg
Business groups urge block of NY bill to cap investment fund profits - Times Union
To Governor Hochul, Leader Stewart-Cousins, Speaker Heastie, and Chair Weinstein:
“We urge you to enact The NY Taxpayer and International Debt Crises Protection Act (S4747, A2970). It has the potential to better the lives of New Yorkers, Puerto Ricans and of billions of people in developing countries around the world. Please be the leader that we need now in this moment of economic and environmental crisis.”