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Religious Institutions Urge Senate to Pass Financial Transparency Legislation December 13th, 2019
Nearly 80 national religious bodies and local churches, synagogues and Muslim groups, including Missionary Oblates sent a letter to the US Senate urging passage of the ILLICIT CASH Act (S.2563) and the Corporate Transparency Act (S.1978).
OMI JPIC partner Jubilee USA coordinated the letter. In a press release, Jubilee’s director Eric LeCompte notes: “It will be more difficult for dictators to use shell companies to secretly steal development aid and for human traffickers to hide their profits once this legislation passes the Senate. The legislation reveals the true owners of shell companies to law enforcement.”
The letter states: “We write to urge you to support legislative actions in line with our faith…legislation that promotes transparency, fights corruption and protects the vulnerable,” stated the religious groups which included the Evangelical Lutheran, United Methodist, Presbyterian, Episcopal and United Church of Christ Churches.
The legislation is supported by the White House and passed the House of Representatives in October.
Read the Religious Organization Senate Transparency Letter here
Link for Sharing the Press Release: https://www.jubileeusa.org/pr_cta_letter_2019
Link to Religious Senate Letter and Signers: https://www.jubileeusa.org/jusa_cta_sign_on_letter_2019
Link for your Faith Community to Sign-on before next Senate Delivery: https://forms.gle/bzUEuXejacH5iS6T6
Jubilee USA Network is an alliance of more than 75 US organizations and 700 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world’s poorest people. www.jubileeusa.org