H.Res. 1096House118th Congress (2023-2025)In Committee

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.

Introduced March 20, 2024

AI-Generated Summary

Updated January 20, 2026 at 3:24 PM UTC

This House resolution expresses support for the House to partner with the Congressional Black Caucus in creating a Black Wealth Agenda. It sets out a series of legislative priorities aimed at reducing the racial wealth gap and improving economic opportunities for Black Americans. The measures target entrepreneurship, housing, workforce development, education, and tax policy, affecting Black individuals, families, businesses, and broader communities across the United States.

Key Provisions

  • Commit to promoting Black entrepreneurship by expanding funding, outreach, and reforming policies that hinder Black businesses
  • Create new opportunities in green energy, technology, and healthcare and invest in workforce development for these sectors
  • Address systemic housing discrimination and expand affordable housing, reduce costs, protect renters, and enforce anti‑discrimination laws
  • Support building the Black workforce through job training, apprenticeship programs, and increased investment in historically Black colleges and universities
  • Call for updating the federal minimum wage to reflect inflation, recognizing the over‑representation of Black workers in low‑wage jobs
  • Require federal agencies to monitor, evaluate, and report progress on economic equity and retirement security for Black Americans
  • Advocate for tax reforms that help Black families secure retirement, increase homeownership, reduce poverty, and promote generational wealth
  • Push for equitable tax policy that levels the economic playing field and curbs wealth concentration

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action
HouseIntro Referral Latest Action

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.

March 20, 2024

View full timeline
HouseIntro Referral

Introduced in House

March 20, 2024

HouseIntro Referral

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.

March 20, 2024

Floor Debate

24 members

What members said about H.Res. 1096 on the floor

12 Republicans12 Democrats
Tom Cole
Rep. Tom ColeR-OK-4 · Jan 9, 2023

Mr. Speaker, I thank my good friend, the distinguished majority leader, Mr. Scalise, for yielding. Mr. Speaker, for the purpose of debate only, I yield the customary 30 minutes to the gentleman from…

James P. McGovern
Rep. James P. McGovernD-MA-2 · Jan 9, 2023

Mr. Speaker, I thank the gentleman from Oklahoma (Mr. Cole) for yielding me the customary 30 minutes, and I yield myself such time as I may consume. Mr. Speaker, first, let me congratulate our…

Sheila Jackson Lee
Rep. Sheila Jackson LeeD-TX-18 · Jan 9, 2023

Mr. Speaker, I rise in opposition to the rules and the rules package. In particular, I support the Women's Health Protection Act so women seeking reproductive rights will not be hunted down by bounty…

Steve Scalise
Rep. Steve ScaliseR-LA-1 · Jan 9, 2023

Mr. Speaker, I offer a privileged resolution and ask for its immediate consideration. (During the reading). Mr. Speaker, I ask unanimous consent that the resolution be considered as read and printed…

Chip Roy
Rep. Chip RoyR-TX-21 · Jan 9, 2023

Mr. Speaker, I thank my friend from Oklahoma (Mr. Cole) for yielding. I am delighted to be down here on the floor of the House of Representatives in a Republican majority, and I am delighted to be…

Show 8 more
Kat Cammack
Rep. Kat CammackR-FL-3 · Jan 9, 2023

Mr. Speaker, I rise in strong support of House Resolution 5, adopting the rules for the 118th Congress. First, this rules package is an incredible win not just for conservatives but for all…

H. Morgan Griffith
Rep. H. Morgan GriffithR-VA-9 · Jan 9, 2023

Mr. Speaker, I come to talk today about getting back to the basics. This place has, in fact, been broken, and a number of the rules that we worked on were to bring authority back and bring us back to…

Jeff Duncan
Rep. Jeff DuncanR-SC-3 · Jan 9, 2023

Mr. Speaker, I rise today to support the Republican rules package and our return to common sense in the people's House. I want to point out a few line items in the rules package for particular…

Michelle Fischbach
Rep. Michelle FischbachR-MN-7 · Jan 9, 2023

Mr. Speaker, I thank the chairman of the Rules Committee and my friend from Oklahoma for yielding me the time and for the experiences we have had on Rules in the last year. Mr. Speaker, for far too…

Michael C. Burgess
Rep. Michael C. BurgessR-TX-26 · Jan 9, 2023

Mr. Speaker, let me just say at the outset, Mr. Cole has probably had the hardest job in Washington the past 4 years. Being the ranking member of the Rules Committee is a difficult position. He has…

Steny H. Hoyer
Rep. Steny H. HoyerD-MD-5 · Jan 9, 2023

Mr. Speaker, I lament that the 2 minutes are no longer magic. Mr. Speaker, these rules are largely the rules that we have had for some period of time over the years, but they have important changes.…

Dusty Johnson
Rep. Dusty JohnsonR-SD · Jan 9, 2023

Mr. Speaker, quite a little bit of the national narrative over the last week has been about Republican disunity, and some have tried to apply that narrative to this rules package. I get it. I get it.…

Katherine M. Clark
Rep. Katherine M. ClarkD-MA-5 · Jan 9, 2023

Mr. Speaker, when Roe v. Wade was overturned, the impact on Americans was swift and devastating. Women were denied healthcare. Doctors were threatened with criminal charges. Hospitals were forced to…

Show 11 more
Andrew S. Clyde
Rep. Andrew S. ClydeR-GA-9 · Jan 9, 2023

Mr. Speaker, I thank the gentleman for yielding. Last week I was part of the 20 conservative Members who fought for a significant institutional change in order to restore the people's voice in the…

Steven Horsford
Rep. Steven HorsfordD-NV-4 · Jan 9, 2023

Mr. Speaker, this Republican rules package is more like rules wreckage, and it has very little to do with governance. Adding insult to the American people, Speaker McCarthy and MAGA Republicans want…

Ritchie Torres
Rep. Ritchie TorresD-NY-15 · Jan 9, 2023

Mr. Speaker, the so-called rules package proposed by House Republicans would perpetuate same disorder, division, and dysfunction that nearly devoured the Republican nominee for Speaker. A…

Rosa L. DeLauro
Rep. Rosa L. DeLauroD-CT-3 · Jan 9, 2023

Mr. Speaker, when we conclude this rules debate, I will offer a motion to commit to add the expanded child tax credit. In the face of the Republican majority's draconian agenda, we want to provide a…

Richard E. Neal
Rep. Richard E. NealD-MA-1 · Jan 9, 2023

Mr. Speaker, I rise in strong opposition to this legislation, the so-called rules package. I can't wait for that term limits vote. When you ask Members on the Republican side who have been here for…

J. French Hill
Rep. J. French HillR-AR-2 · Jan 9, 2023

Mr. Speaker, I thank my friend from Oklahoma for yielding. Certainly, my colleague from Massachusetts knows my deep affection for him, but since I walked on the House floor tonight, I keep hearing…

Diana DeGette
Rep. Diana DeGetteD-CO-1 · Jan 9, 2023

Mr. Speaker, if there was any overriding issue of clarity in the last election it was that Americans feel strongly that they should have the freedom to make their own healthcare decisions, not…

Ralph Norman
Rep. Ralph NormanR-SC-5 · Jan 9, 2023

Mr. Speaker, it is a new day in Congress. Mr. McGovern, you mentioned the 72-hour rule was put in by you and the Democrats. Why didn't you enforce it? You didn't. We were forced to vote on bills like…

Judy Chu
Rep. Judy ChuD-CA-28 · Jan 9, 2023

Mr. Speaker, Americans across the country sent a resounding message at the ballot box. They support the right to access abortion and for people to have the basic freedom to make decisions about their…

Barbara Lee
Rep. Barbara LeeD-CA-12 · Jan 9, 2023

Mr. Speaker, after 4 days and 15 rounds of votes, the new Republican majority has finally chosen a Speaker. Their first order of business is to trample on the hopes of the people that elected them.…

Pramila Jayapal
Rep. Pramila JayapalD-WA-7 · Jan 9, 2023

Mr. Speaker, after a week of chaos, we now have a rules package for MAGA extremists, attacking our freedoms and every major responsibility of this body--from paying America's bills to funding our…

Bill Text

Latest available legislative text

Reading Mode
Latest
Introduced in HouseIssued March 20, 2024

IV

118th CONGRESS

2d Session

H. RES. 1096

IN THE HOUSE OF REPRESENTATIVES

March 20, 2024

Mr. Horsford (for himself, Mrs. McBath, Mr. Neguse, Mr. Clyburn, Mr. Davis of Illinois, Mr. Mfume, Mr. Carter of Louisiana, Ms. Blunt Rochester, 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 Georgia, Mrs. Sykes, Mr. David Scott of Georgia, Mr. Torres of New York, Mrs. Hayes, Mr. Davis of North Carolina, Mr. Bowman, and Mr. Carson) 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 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 economic 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 parents, 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 prosperity by Black people in the United States and contributing to the persistent economic divide;

Whereas homeownership in the United States, a critical avenue for wealth building, remains significantly less attainable for Black people compared to White people, with disparities in homeownership rates exceeding 30 percent in some cities, exacerbating the racial wealth gap and hindering 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 devaluation contributing to underfunded public services, including education, and perpetuating a cycle of economic disadvantage 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 incarceration 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;

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 opportunities 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 racial wealth gaps are generally smaller among union members 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 nonunion Black family, but that ratio is roughly half as large among union families, with the median union White family 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 Reserve—

(1)

only 46 percent of Black households in the United States owned their home, compared to 75 percent 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 several policy principles, including entrepreneurship, financial services, affordable housing, workforce development, protecting and promoting civic participation, and reforming 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 outcomes; and

(2)

to coordinate a legislative agenda that cements positive changes and reinforces a commitment to preserving Black economic prosperity in the United States;

Whereas the Black Wealth Agenda will have an amplified impact on all policy areas where existing oppressive regulation prevents progress; and

Whereas, from removing barriers to quality healthcare for Black people in the United States, to addressing environmental 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

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 entrepreneurial goals and driving communities to the center 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 investment in a better future;

(3)

asserts that systemic discrimination in the housing market in the United States has greatly contributed to the widening of the racial wealth gap and must be rectified;

(4)

will create solutions to address the affordable housing crisis in the United States by increasing 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 workforce 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 reforms addressing the economic disparity in the United States include improvements to career pathways programs, investing in historically Black colleges and universities, increasing the affordability of post high-school education, expanding access to apprenticeship and job skills training programs, and other solutions that maximize the potential of the Black workforce;

(8)

supports the goal of expanding economic opportunity, equity, and wealth creation for Black people 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 enhanced 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 secure 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 balanced tax policy in the United States that levels the economic playing field, addresses wealth concentration, and advances opportunities for economic gain.