Vice President Kamala Harris and Treasury Secretary Janet Yellen headlined the annual Freedman’s Bank Forum on Tuesday, announcing $8.7 billion in federal funding for financial institutions serving minority and underserved small business owners.
The sizable investment announced by the Office of the Vice President and U.S. Treasury Department is a part of $12 billion secured last year by Harris, when she was still a U.S. senator, along with Senators Cory Booker, Chuck Schumer, Mark Warner and U.S. Rep. Maxine Waters, chairwoman of the House Financial Services Committee.
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