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tv   Hearing on LGBTQ Financial Inclusion and Equality  CSPAN  November 9, 2021 4:43pm-6:02pm EST

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good >> good afternoon. i'm pleased to convene the subcommittee on diversity and inclusion for a hybrid hearing entitled "there is no pride and prejudice - eliminating barriers to full economic inclusion for the lgbtq+ community." and 27 states, there are no explicit statewide laws protecting people from discrimination on the basis of sexual orientation or gender identity in employment, housing, and public accommodations. at the federal level, there is no fair housing or credit protection based on expressly sexual orientation or gender identity. this puts many lgbtq+
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individuals at risk youth at risk, or of experts in homelessness, unemployment, or being unbanked. we are a nation of many colors, a rainbow, if you will, and today we will explore the lgbt community and what it faces, the systemic barriers to financial inclusion and employment, simply because of who we are. just the other day, i was at a metro high school where young students in a stem program had one of their categories as lgbtq+, because they understood the value of diversity. what a great preview for today and having me to have this hearing and so many experts.
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today we know it has been documented by a recent gallup poll of 2021 that 18 million adults are self-identified as lgbtq individuals. these are our family members, our colleagues, our friends. every day these individuals face bigotry, discrimination, especially when it comes to securing safe and stable housing. especially when it comes to securing safe and stable housing. i joined with my colleagues to pass hr-5, the equality act, that would prohibit discrimination based on sex, sexual orientation and gender identity in any area, specifically including unemployment and housing. this bill is currently pending in the senate but the thousand principles in our community are clear -- all men and women are
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created equal. and with inalienable rights that one does not forfeit due to their sexual orientation or identity. yesterday there was also a young individual there who had written an article on racism and diversity and he stood so proudly as he escorted adults to talk about the value of that. this young man you will hear more about as i talk to our expert witnesses and i will give you a quote by him as we talk to our witnesses. let me say we have a lot to learn about this agenda and i certainly look forward to the testimony of our witnesses who will not only enumerate the depth of the challenges but will also share comprehensive solutions to help our country live up to its vows.
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i yield back the rest of my time and it is my honor as the chair to recognize the ranking number four four minutes -- for four minutes. my friend and colleague congresswoman anne wagner. >> i think our witnesses for joining us as we look at policies that promote economic success for all americans, protect against discrimination, diversify the work wars in which corporate cultureships that create a more inclusive i am are environment are proving more effective. companies with more diverse work versus outperform less diverse competitors.
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specific companies that include diverse practices saw 6.5% increase in stock performance compared to industry peers. additionally, inclusive companies are able to better attract talented candidates and retain their workforce. a 2017 study found 80% of respondents said workplace inclusion was an important factor when choosing an employer and the business community has taken notice. in this subcommittee we have discussed ways a business can improve retention and develop a more inclusive workplace. those best practices, including transparency regarding salaries and promotion opportunities, mentoring and sponsorship programs, employee resource groups and flexible work hours for working mothers and families
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to name just a few, i believe every american should have equal access to economic opportunities and i look forward to hearing from today's witnesses. i would like to take this opportunity to yield one minute to my friend and colleague from north carolina, the ranking member of the financial services committee, mr. patrick mchenry. >> thank you, ranking member. certainly appreciate your leadership on these important issues and how we drive inclusion across our economy. the promise of the american dream is if you work hard and play by the rules, you can achieve success. unfortunately, we know that dream is not reality for everyone. where we find barriers to economic inclusion we must knock them down. where we find discrimination we must eliminate it. every american deserves access
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to opportunities, tools and services that can make the american dream a reality. i want to thank our witnesses for being here and i thank the ranking member for yielding and the chair for holding the hearing. i yield back. >> thank you, ranking member. i yield back the balance of my time. >> thank you. it gives me the great honor to recognize the chairwoman of the full committee for one minute, the honorable congresswoman maxine waters. >> thank you so very much for holding this important hearing. the fact that lgbtq+ rights -- the fight for lgbtq+ rights are far from over. this community still faces discriminatory barriers and financial burdens. for example, data show
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individuals within the lgbtq community often have more trouble finding affordable and safe and equitable housing across america. an estimated 22% of youth identify as lgbtq+. additionally, the lgbtq+ community face difficulties in accessing employment opportunities and being positively included in workplace environments. compared to other heterosexual and cis gender counterparts i am proud this committee is ensuring that these kinds of disparate impact are not tolerated. thank you again and i yield back the balance of my time. >> thank you to our chairwoman. today we welcome the testimony
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of our distinguished witnesses. first we have mr. david johns, executive director of the national black justice coalition. next we have the president and executive director of the center for lgbtq economic advancement and research. and then we have the co-founder of new york transgender advocacy group and transgender women's support group facilitator. last we have mr. todd sears, it's a blend founder of out leadership, llc. the witnesses are reminded their oral testimony will be limited to five minutes. you should be able to see the timer on your screen that will indicate how much time you have left. when you have one minute remaining a yellow light will
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appear. i would ask that you be mindful of the timer and when the red light appears to quickly wrap up your testimony so we can be respectful of both the other witnesses and committee member'' time. without objection your written statement will be made part of the record. mr. johns, you are now recognized for five minutes to give an oral presentation on your testimony. >> thank you, chair beatty. i serve as executive director of the national black justice coalition, the nation's most preeminent civil rights organization that empowers black lgbtq+ individuals, families and communities. while the beautiful diverse black immunity is burdened by racism black people with our
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often confronted with other challenges neglected and ignored. i will read my written testimony by highlighting briefings. students who are soon to be lgbtq+ lack of the protections afforded to their peers and the challenges they face in schools make it difficult for them to be happy, healthy and successful later in life. my doctoral dissertation supported the learning and development of black lgbtq+ public school students, calls for increased investment in school and community-based support for lgbtq+ youth and national data sets that acknowledge many of our intersectional identities that shape how we experience institutions like schools and powerful ways. when i think about this i think about hope, a latin x trans student. she was beaten in the school hallway who was
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laughed at by her peers. as a former classroom teacher i know students cannot demonstrate what they know and learn if they do not feel safe. we know based on data collected with our colleagues that black lgbtq+ students find schools to be hostile and unwelcoming spaces which result in them failing to develop the skills, experiences and relationships needed to be successful later in life. second, as you know what happens to students in schools has a profound impact on life, opportunities and outcomes, especially black lgbtq+ youth who are forced to begin the adulthood journey early. lgbtq+ young people are overrepresented among foster youth and homeless. black youth are overrepresented in both spaces. they are less likely to complete school making it difficult to
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find success as an entrepreneur or accept a good paying job. at the black institute 2021 members of our community describe denied interviews, being let go or laid off, and being denied promotion opportunities. when discrimination occurs only due to race, gender, sexual orientation or gender identity, thanks to a recent supreme court decision, filing a claim is an option. however, when one experiences forms of discrimination based on race and sexual orientation or more the pathway to federal legal remedy is more complicated if plausible at all. there is a loophole created by not protecting people discriminated against due to marginal identities. i thank those of you who voted for the equality act. it will aid and address this legal loophole. the equality act is important when considering how homeownership and housing stability facilitate economic
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stability in the u.s. whether half the states throughout the country lack laws explicitly banning housing discrimination against lgbtq+ americans. we often face discrimination when working with real estate agents, requesting loans for housing, and with seeking shelter. the deputy executive director for programs and policies experienced housing discrimination when moving from florida to maryland. after meeting with a realtor to tour i condo in maryland she and her wife were assured the apartment was available and they possessed the qualified credit. it was only during a post conversation where the women were made clear that the realtor see's dull conversation between the property owner and couple. after that victoria and her wife, who is a homelessness prevention social worker, decided to purchase a home. during their housing search they saw dramatically different interest rates from banks. as many of you know apr 0.325%
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makes a difference in how much loans will cost after 30 years. the financial situations did not change, only the institution and the person's processing the application. the equality act would provide a federal remedy for couples like victoria. while protections based on race exist federal law does not explicitly protect same-sex couples or spouses from experiencing disk termination. -- discrimination. this increases the likelihood of physical, mental, and emotional challenges. [indiscernible] leveling the playing field to ensure every american has economic opportunity is essential to preserving our democracy and especially important for black lgbtq+ people, communities and families
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who struggle economically often through no fault of our own. i hope somewhere in between these words i have made clear the need to eliminate barriers >> thank you. the gentleman's time is up. thank you so much. nick watson, you are recognized for five minutes to give an oral presentation on your testimony. >> thank you chairwoman, ranking member wegman. thank you for the opportunity to testify today. my name is spencer watson and i am the founder and president and executive director of the center for lgbtq economic advancement in research or clear. in my testimony i will be sharing the most current knowledge about financial well-being and economic opportunities for lgbtq people and the current state of the lgbtq wealth gap. like other underserved communities the lgbtq people
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experience a wealth gap compared to heterosexual and cis gender peers. they report smaller incomes than non-lgbtq people and are more likely to live in poverty than non-lgbtq people. one in five lgbtq adults in the u.s. in 2019 reported earning less than $25,000 a year which is 1.5 times more often than non-lgbtq people and one in 20 earned less than $5,000 a year, 2.5 times more often than non-lgbtq adults. transgender people are four times more likely to make less than $10,000 a year than the general population. to bridge the gap between income and expenses lgbtq people are more likely to use government benefits and other financial support. lgbtq people are 1.8 times more likely to make use of the supplemental nutrition assistance program for snap. they are two times more likely to make use of government
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housing assistance programs. lgbtq people are more likely to be unemployed or underemployed than non-lgbtq people. they were 1.8 times more likely to report they were unemployed and looking for work than non-lgbtq adult. one third of lgbt adults employed said they wanted to work more in the previous month. employment gaps particularly affect younger lgbt adults. one in 10 lgbt adults 18 to 29 years old were unemployed and looking for work, which was much more than non-lgbt peers. lgbtq people are less likely to have adequate insurance coverage than non-lgbt people are. one in 10 lgbt adults did not have health insurance in 2019. 1.5 times more often than non-lgbt adults. one in six black and hispanic lgbt adults did not have health insurance. insurers are less likely to offer inclusive plans that cover lgbtq peoples unique health
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needs including gender affirming surgery and family conforming cost like in vitro and surrogacy. the lack of adequate insurance coverage forces many lgbtq people to forego needed health care and pay more out-of-pocket for the health care they receive. one in five lgbt adults without insurance who paid out-of-pocket paid over $5,000, which was 1.8 times more likely than non-lgbt folks. all the homeownership is regarded as a principal way for u.s. health holds to build wealth and financial security lgbtq people are less likely to obtain benefits of homeownership because they are less likely to own their homes. less than half of lgbt adults owned their home in 2019 as compared to two thirds of non-lgbt adults. those that do own their homes are more likely to be repaying their mortgage instead of owning their home in full. lgbtq renters were more likely to report they did not own their
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home because they could not afford a down payment or did not think they would qualify for a mortgage and lgbtq women and people of color are even less likely to own their homes. in 2019 only 43% of lgbtq women owned their home and less than one third of black adults owned their home. lgbtq households are more likely to be under banked than non-lgbt households. in 2019 lgbt households were 1.6 times more likely to be unbanked and under banked. one in five adults were under banked in 2019. inadequate access to nutritional services means lgbtq people are more likely to make use of alternative services such as payday loans, pawnshops entitle lenders. in 2019 15 lgbt households used one or more of the services in the previous year. on gpt key people -- lgbtq
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people are more likely to apply for credit but also more likely when they do apply to have their credit rejected. over one third of lgbtq people who applied for credit in 2019 heather applications rejected -- rather applications rejected and 1.25 times more likely to be offered less credit than they wanted. gender nonconforming people are less likely to experience difficulty with federal reports when they change their names. i want to highlight the fact the lgbtq community is not a monolith. they come from different racial, social and economic backrest. >> your time has expired. thank you for your test money. ms. walker, you are recognized for five minutes to give an oral presentation on your testimony.
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we need you to unmute. you are muted. >> thank you. hello members of the committee and thank you for holding this hearing on an issue that i believe impacts the entire lgbtq community or lesbian, gay, bisexual, queer and questioning community. it is especially affecting those who are transgender, gender nonconforming, and non-binary or tgncnb. i am a proud, black transgender woman. i am a combat engineer army veteran and my path has not been an easy one.
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despite suffering harassment and abuse verbally, physically, and sexually in the army i received honorable discharge in 1984. i went on to study social work at the college of staten island where i was constantly missed gendered by my professors and eventually ran off campus for protesting for an out lesbian judge, judge bernstein, in 1994 against her remarks -- remarks by the president that she was an out lesbian and not fit to serve as attorney general of new york state. i was forced to leave college and not able to finish my education. i was forced to leave school abruptly. i was the leader of the lesbian-gay group at csi. i protested for the judge and
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called all kinds of names, students called all kind of epithets. i was not able to complete my education as a social worker. in 1988 i was severely injured in a car accident which served as a catalyst for me to come to terms with my identity as a woman and i decided life is too short for me to i tried to find medical care to assist with my transition, but was turned away, laughed at, and at times declared mentally ill. one of my doctors called me schizophrenic and prescribed for medication for condition i didn't have. it was virtually impossible to find doctors or other medical providers who did not overtly reject or minimize my issues. they ridiculed and mocked me for
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my gender identity. i have been laughed at, miss gendered, dead named which is calling me the name which i was given at birth which is often a problem. in my life. this impacted my life greatly not only with health care, but with my ability to find work and safe housing. many of my friends and i were unable to find employment because people would not hire transgender folks. despite being a combat veteran, i was forced to rely on food pantries and kitchens throughout my adult life. i had a lot of problems finding hormones and had to resort to the streets to find them. today, i am here to advocate for
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adequate housing for trans folks who are often miss gendered and not able to live authentically and not self-actualized in society. i am here to advocate for the equality act and conclusion of transgender folks into this arena. health and finances also impact one's ability to find affordable, safe housing. i myself have been turned away several times and discriminated against when seeking housing. i have had horror stories from my friends that also through folks also -- around new york
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state. trans women get physically and verbally abused when in shelters, being told they are men and not belong. or they get physically assaulted, verbally assaulted, or sexually assaulted. i am here to help get safer spaces created for people. demanding that there be cultural sensitivity training for all staff, even staff, even folks doing business with the shelters. >> ms. walker, your time has expired. thank you for your testimony.
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mr. dash, you are recognized for five minutes. >> thank you. want to thank you for holding this important hearing. i sit before you today as a proud openly gay american, a former banker, a former diversity leader. our companies are predominately american and employee over 7 million americans in every state in this country. my work with over 1000 ceos and hundreds of businesses in the last 20 years has shown me that quality and inclusion should not be political. it is not a democrat or republican issue. it is a business issue and it were -- it affects every american. every study has shown that stock prices of lgbtq from the companies -- additionally, u.s.
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companies have higher income for employees, more patents, trademarks, copyrights, as well as higher engagement and retention than their less inclusive companies and counterparts. due to the absence of protections, the positive benefits of inclusion are not found universally. recent research revealed that almost one third of lgbtq people will take a pay cut to move to a state with more favorable treatment. lgbtq people are still not a
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family-friendly category and that something americans don't know. racial justice and gender equality must continue to be a separate part for equality. the most vulnerable households in america hold multiple intersectional identities and that compounds discrimination based on sexual orientation they experience. they experience food insecurity, eviction, difficulty paying for expenses. this last year, we have championed three bills. the quality act passed earlier this year. i want to acknowledge the leadership of this committee and thank you for your work on this bill. on behalf of our members, we
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advocate specifically for the following. the passage of the equality act. without it, lgbtq people will continue to be subject to discrimination and cut out of protections. the expansion of diversity definitions for board members to be lgbtq inclusive. currently, there are 19 of the fortune 500 who include lgbtq leaders in board members diversity. next, we advocate for the inclusion of data collection. if we count, we matter printed a commitment to the freedom of religion that does not include a religious right to discriminate. finally, the promotion of
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economic security by fostering inclusive labor practices and workplace policies that include access to credit and capital. lgbtq inclusive diversity is good for business. research has shown that companies with lgbtq inclusive policies outperform their peers on every measure of success. in a market economy, businesses must invest in activities that are in their economic best interest and lgbtq inclusive diversity fits that bill. there are economic consequences to discrimination. that's why the fortune 500 already protect their employees. individual companies can only do so much. structural challenges must be addressed by the federal government and this committee. the patchwork of state laws where lgbtq residents are not
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protected -- we stand ready to support you in your work. chairwoman beatty: thank you to all of the expert witnesses today. i cannot tell you how informative, needed, and impressive you were in providing information to us. with that said, i recognize myself or five minutes for questions. we have heard a lot about the exclusion and impact as it relates to employment, housing, finances, and a host of things. earlier in my opening statement, i talked about being at the school. there was a young black man who came up to me who i had meant toward. he shared his experiences over
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the last few years and i want to say thank you. thank you for your work and thank you for your paper and writing about how we are still dealing with racism and how we are still evaluating initiatives. let me share with everyone this quote. he said for example financial support of the initiative are not always present in the amount that is needed. we heard that from you. one of the most frequently reported suggestions for better equity is better and more commitment to financial support of the initiatives over a long time. we need to get more support to our topic today and hopefully, this is just opening the door. with that, let me ask mr.
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watson, there are those in the community that feel alienated from accessing traditional financial services due to implicit and explicit biases from bank employees. would you recommend some suggestions or practices that financial institutions can employ or create to be more inclusive? mr. watson: as you mentioned, lgbtq people do experience harassing and insensitive treatment frequently from customer service representatives and financial professionals when they seek services. in order to address that, i do think that it would behoove many
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financial professionals to engage in cultural competency training in order to increase their understanding and awareness of lgbtq people's identities and how to provide sensitive and affirming services for them. chairwoman beatty: thank you. ms. johnson, at the federal level there are no fair housing or credit protections based on sexual orientation or gender identity. can you share with us if you have had any experiences with lgbtq individuals being denied housing due to the absence of these protections? is she still with us? ms. walker, i'm sorry. i'm so sorry. ms. walker: yes, many trans
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people are denied because their name might not match their documents. they can be refused housing for that. most staff do not have cultural sensitivity training and are not prepared to meet with a transgender person. some of the egner it's is willful ignorance. -- some of the ignorance is willful ignorance. with more ongoing cultural sensitivity training to handle customers would be appropriate. also to change the documentation in the computer.
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it's also very important to start collecting data on us. currently, data is not been collected on the community. chairwoman beatty: thank you. there is a poll from the human rights campaign that reveals that the covid-19 pandemic positioned many lgbtq+ individuals at a greater risk of being unemployed. any comment? >> black people are most likely to be unemployed or underemployed. providing resources including long forgiveness and other forms of reparation are important while we continue to work through the pandemic inspired by the novel coronavirus. chairwoman beatty: my time is
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up. at this time, i would like to go to the gentlewoman from missouri, ms. wegner. rep wagner: can you tell me why is access to credit important in achieving economic freedom and prosperity? >> thank you for the question and your support. i don't think five minutes is going to give us nearly enough time to answer that question. as my colleagues have noted, access to capital in our country is the underpinning of everything that moves our economy. if lgbtq people can have access to mortgages, we can't own homes. if we pay more, we are being taken advantage of by the system. if we look at the bill under
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discussion, it's about reporting, making sure lgbtq people are listed in the definition of diversity so we can measure access to credit and housing and how that impacts our economic outcomes. rep. wagner: how can our financial institutions build relationships to foster financial literacy? >> interestingly, they have been for many years. one of my favorite programs was called investing pays off. it was started on the idea from the founder of merrill lynch when he would write to widows of veterans on how they could invest their pensions. for these institutions to expand what they have been doing is significant. they are doing it. if you look at investing pays off or another program from
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goldman sachs, there are investments these companies are making. -- we don't have the numbers because we are not counted as a community. if goldman wants to expand to focus on lgbtq small businesses, the chamber of commerce is the only place they can go to that data -- for that data. once we count, we can start to be a part of it. rep. wagner: thank you. could you talk about data collection and can you elaborate on that more as mr. sears just two? >> there is a significant gap because there is inadequate data collection of sexual orientation and gender identity in federal surveys. it is important for all of data
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collection were we are examining economic well-being. just communities overall, that we include questions that ask people about their gender identity, their sex assigned at birth, and their sexual orientation. that would vastly improve our understanding of the unique circumstances that lgbtq people experience. also, it is important to include these in data collection such as the mortgage disclosure act or a forthcoming data collection for small businesses. rep. wagner: mr. sears, what action can financial institutions take? >> looking at the policies. lgbtq people are still excluded
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for so many policies. they rewrote the definition of insurable interest to expand that definition to include lgbtq families in places like asia where they have no relationship recognition. if you look at the policies of these institutions, there are significant opportunities to identify those same areas. if we are not counted and how these companies approach, they will not be able to include us across the board. rep. wagner: thank you all. i will yield the back the brief time i have left. chairwoman beatty: thank you so much. that was our ranking member congresswoman ann wagner. i now see that our chair of the financial services committee is in the room. it gives me great pleasure to yield to chairwoman waters.
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chairwoman waters: thank you. a rule was issued that clarified the equal credit opportunity act which outlaws discrimination in credit decisions includes absolutely protections against sexual orientation, discrimination, and gender identity discrimination. i want to go further with a question. about housing barriers. research demonstrates that discrimination threatens access to housing and individuals in the lgbtq community. members of the lgbtq community are more likely to experience
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homelessness while enduring discrimination and harassment that extends their homelessness. there are approximately 8900 homeless youth in l.a. county identified as lgbtq. transgender individuals are at an increased risk for violence and discrimination that keep them from accessing services. in april, -- issued program guidance on supporting inclusive housing and shelters for transgender people which includes transgender inclusive language, interbeing and conflict and holding staff and residents accountable for behavior. i want to go to a point of discussion that was not included in this discussion today.
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i don't think that when our witnesses came today, they were asked to include any information about something that is happening in our society today as it relates to transgender. there is a discussion going on right now, a big discussion and it's about the closing. it's about david chapelle. it's about the woman that we learned about who evidently committed suicide after identifying and working with an opening a show that she had been invited to participate in by dave chapelle. i have real sad thoughts about her. i think her name is daphne. i tear up when i think about her. of course, david chapelle is a
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brilliant comedian and there is this discussion going on and i try to listen to everything that is being said from the transgender community or from david chapelle on and on. i don't want to get into that today, but i don't want us to pretend that this is not going on. that are only concerned about the housing and the homelessness and all of that. we are concerned about all of that, but we are also concerned about another kind of discussion that is going on and while i am not going to ask any particular questions about it today, i would ask that ms. walker please give me a call and i will arrange a meeting with myself and ms. beatty because i want to talk to you and a want you to share with me what is going on,
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what you think what you feel and in what way can we show our concern. with that, i yield back the balance of my time. ms. beatty: thank you for extending that invitation. mr. gonzales is recognized for five minutes. rep. gonzalez: thank you for sharing your stories and how they have impacted your lives but also the lives of the communities that you so passionately advocate on behalf of. the work you continue to advocate is admirable. it's fair to say that no one on this committee or subcommittee condones any sort of racism, hate, or discrimination. i believe that people should not
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have to live in fear of any kind of violence being perpetrated toward them because of who they are. additionally, i want to extend my thanks to ms. walker. veterans day is coming up and we owe our deep respect to those who have worn the country's uniforms. i want to thank you for that. in the united states, i think that all people should have access to economic opportunities to create a better future for themselves and their loved ones. that is one of my top priorities here in congress and on this committee is how do we empower more families know matter what background you come from to make sure that everyone has an opportunity at the american dream. i am the son of immigrants. my father immigrated here from cuba in the 60's. he had to overcome barriers in his life and we want to make sure that we eliminate as many
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of those barriers as possible for everybody. with that, i have probably supported homeownership legislation as one of those initiatives that would extend to actions to people who are discriminated against waste on sex or sexual orientation. no one should think that they should be denied housing access because of their sexual orientation or gender identity. i don't believe that's right. it's my hope that we can use this hearing to learn more on that topic and find effective bipartisan solutions where problems may exist. ms. walker, i want to start with you. you provided a list of ideas that hud could implement. one was to provide guidance to community partners and share best practices. could you detail for our committee what some of that guidance could look like in what are the best practices that you
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would think would have the biggest impact for these communities? ms. walker: definitely, we need cultural sensitivity training for all staff and folks doing business with shelters. we need supportive housing, fully staffed supportive housing. with social workers, mental health professionals, and medical care on staff. we also need transitional and permanent housing to help address the needs of our community. we need wraparound services, i would say in the shelters and this traditional -- transitional
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housing to adequately provide for the community. rep. gonzalez: when confronted with some of the challenges in the shelters with folks, that may not be making folks feel as welcome as they should, is it your opinion that is accidental grants that i don't know what to say or do in the situation that i don't want to be offensive but i don't really know or do you think it is willful discrimination or a combination of both? ms. walker: i believe it's combination of both. lack of cultural sensitivity training. during covid, trans people and shelters were allowed to stay in their own room.
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i thought that was wonderful and i like that model and i think we should keep that model. transgender people are not safe in single-sex shelters, which is male or female. i believe that if trans people are housed in their own rooms, it is safer for them. i think they should have wraparound services in the shelters to help transgender folks succeed in society. and not have to return to the shelter. but also to have life skills training available so they will learn how to balance a checkbook, how to do credit. ms. beatty: the gentleman's time has expired. i have a feeling we will be coming back to ask you a lot of questions again, thank you.
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the gentlewoman from michigan>>d experiences to congress. i appreciate all of you so much in speaking this truth. that is missing in congress. i want -- give me some time to go down some facts that i think i want to post up only about 40 #of lgbtq+ americans own a home which is far less than the average which i think is 64%. the stats are lower for lgbtq+ people of color. that is only 35% of lgbtq+ individuals. even lower than that from 35% for lgbtq latino and for lgbtq
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americans to own their own homes -- african americans to own their own homes. couples are 73% more likely to be denied residential mortgages compared to their peers which i know chairwoman waters wants to hear about this. the national transgender discrimination survey found among transgender individuals of color, 56 percent of native americans, 52% are black folks, 51% of latinx moved into less desirable home or apartment because of anti-transgender bias forced on them even though they could and wanted better housing. these are a few statistics i think are important. i hate saying statistics because these are real lives, but as we can all see, housing discrimination against our lgbtq americans is a major crisis in our country.
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three years ago in michigan, a person could actually be fired from their job simply because of who they love most of porcelain, governor whitmer eliminate -- who they love also personally, governor whitmer eliminated that law. i cannot stress how much you are inspiring so many that are incredibly excited that you are testifying before our committee. i wanted to leave some time for you as well as others on the panel to really talk about things, the trauma that comes with living as you are in our country and how you think we should be addressing. >> if,, i went to lift up two things. thank you for those comments ,
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representativetlaib. maxine waters, thank you for your leadership. i went to highlight we a section describing the violence trans are facing which is often hidden in the shadows. i have already reached out to further that discussion as well. previous conversation about the challenges with shelters, i want to offer up a few remedies that will prevent people from needing shelters and one is to criminalizing sex work. it is also the case that black trans are forced into sex work as a result not being able to show up and are offered job interviews or promotion opportunities or support a more traditional economies. we should be able to have conversations at the federal level. much related to that, number of lack lgbtqia+ to result in
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hardship because of cannabis distribution or use. decriminalizing cannabis should be considered. >> no one else on the panel has more to share, i yield acted the chairwoman. >> thank you so much for your comments and thank you to the witnesses for responding. ranking member wegner, do you have any more republican members in the queue? rep. wagner: not at the moment. we will see who joins. the gentlewoman from pennsylvania is now recognized for five minutes. >> are you able to hear me? >> we can hear you. proceed. >> thank you for those who have come to offer your powerful testimony. i have been thinking a lot about small business.
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right outside philadelphia, building a small business is the dream of many americans and i am particularly interested in what are the obstacles that lgbtq+ small business owners and entrepreneurs face and engaging the financial system. maybe i could start with mr. sears. >> given that question and the work you're doing in philadelphia -- thank you for that question and the work you're doing in philadelphia. thank you for the support. quite a tremendous leader in our community and in your state. to your question i was a several things, if you look at the number -- i'll take it out of lgbtq. minorities start more businesses at a rate almost double that of the average population. why is that? because of discrimination that exists in corporate america structure despite the fact 92%
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of fortune 500 companies have nondiscrimination policies. we often work in states that do not have that as a trickle-down. even the trailing spouses of people protected by the fortune 500 do not experience that same protection in the state in which they live. the reason for the small businesses i think is number one based on that most of them when they get into the marketplace, look at the access of discrimination that exists with laws that allow people to deny service and deny critic and access to people based on " sincerely held religious beliefs." that is something we have not talked about but i think the religious right to discriminate has to be addressed by the committee. it is not directly related as a financial services "issue" with a single largest issue lgbtq face discrimination in the country. it is a false choice we have created. over half lgbtq americans
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consider themselves religious. it has impact on small businesses and discrimination and impact on the laws chairwoman waters mentioned and the transgender community. 131 anti-trans bills and 31 state legislatures and our united states and the last 12 months driven by religious animus marginalizing and demonizing the most vulnerable of our communities, primarily because these young people want to play a sport. so the opportunity for us at the small business level to the fortune 500 to eradicate this discrimination i think is significant. >> mr. john, did you want to add to that? if you could address maybe the problem of accessing capital? >> yes, ma'am. three things related to that and i want to underscore, one, i mentioned a little about it in my testimony but when i think about the experience our deputy director had with regard to accessing capital for home loan, often discrimination and the
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ability for the financial service provider on the institution to make decisions about capital -- it is a challenge. it is a person sitting across the desk from seven or virtually, making a determination based on things outside of their financial portfolio. one thing i think is most important technology to point congresswoman waters made about the large guidance is there is no -- like often members of our community are discriminated. we are denied access to capital. there's no private recourse once that happens for members in our community. the act would address that and ensure future civil rights legislation includes it to help address homelessness, financial service providers.
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>> thank you for all of that important information. finally, ms. walker, i read a very shameful statistic. according to our philadelphia inquirer, 40% or more of people aged 18 to 26 in philadelphia, which is my neighboring district and my home city, our expensing homelessness identify as to be gq. -- lgbtq. 40% of homeless youth are lgbtq. what a shameful statistic. what are the best practices for assisting lgbtq+ youth to become connected to permanent housing? >> first of all, we need to meet the youth where they are. work with housing works here in new york city and we use a harm reduction approach to meeting
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with the youth and also we need shelters and transitional and permanent housing with wraparound services in these shelters and in this transitional housing to support the youth to make sure they're getting the nutrition, they're getting -- >> i apologize. i time has expired. i yield back but i would love to get more information from you off-line. >> to the witness, thank you. you will be very popular as well as the other witnesses with us today. the gentlelady's time has expired and now the gentlewoman from texas, ms. garcia, who was also the vice chair of the subcommittee on diversity and inclusion, is now recognized for five minutes. >> thank you, madam chair.
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thank you for bringing our attention to this very important hearing. i first want to start by also congratulating tonya for her and thanking her for her years of service. i know veterans day is not until later this week, but happy veterans day. thank you for your service. i hope you completed that social work school because that was my first degree, social work. i hope you finish. if not, there's still time. you can come to houston. we are very lgbtq+-friendly in houston. this has been an interesting discussion this morning because we know the difficulties of the lgbtq community face not discussed often enough. thank you again, madam chair, for underscoring and highlighting this very important issue. their struggles and how they are treated are legitimate. we need to focus on them and
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make sure they truly do have the economic freedom to build their wealth, to build their homes, and to do as was stated by the ranking member, have the economic freedom that we should have for all americans. all of this is compounded when they coincide with other barriers like race, ethnicity, and age to name a few. lgbtq+ people are more likely to be experiencing various to credit access -- barriers to credit access. it is deeply concerning. i want to start with mr. sears. a 20 report found nondiscrimination protections would result in the addition of hundreds of thousands of new jobs and millions of dollars added to the tax receipts. i think you -- i was surprised
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you said, one third of lgbtq workers -- will take a one third pay cut to go to a friendlier state. is the reverse troop? with texas passing a transvaal this last session, can we expect people to leave the state because we are now becoming more and more friendly? >> the short answer is yes, absolutely. i spent this last week in california meeting with leaders in the tech community. the texas bill in particular, and there are eight other states that have passed anti-trans bills specifically around use, those specifically came up in terms of expansion into texas. as we saw in north carolina when hb2 pass, so many companies decided not to invest in north carolina. our leadership convened, replicated in texas, had almost $4 billion worth of assets
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invested in north carolina and $6 million invested in texas i've assets is that the discriminatory policies at both north carolina and texas around trans people increased the risk in the marketplace and decreased the return on the assets invested in those states. there is a direct return on investment for equality in economic consequence of discrimination. the short answer is, yes, absolutely. companies pay attention to this significantly. there youth, especially gen z and y, won't come to companies that are not lgbtq inclusive. if there are based in lgbtq- unfriendly, it is an economic problem. >> there's a benefit but also -- i don't to say penalty, but i guess it is. i think that is why this won't want to highlight these issues. the next question is for miss watson.
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barriers your community faces every day. can you speak to the issues created with the financial services industry not actually measuring, quantifying, and targeting relief to the lgbtq community? >> thank you. i do think the lack of attention that financial firms are paying to the lgbtq community and unique issues they experience, you know, our largely because the financial services industry is very traditional and frequently relying on systems that were designed with heterosexual c0s-gender assumptions in mind. those systems are less able to
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process the unique needs of lgbtq people and accommodate things such as name changes or to recognize people who are of nonnormative genders. >> i'm sorry, the gentlelady's time is up but thank you to the witness and take you to our vice chair garcia. the john madden from massachusetts -- the gentleman from massachusetts is now recognized. he is also the vice chair of the full committee a financial services. you are now recognized for five minutes. >> thank you, madam chair. my question for you is on housing. a study by hud in 2013 measure the treatment of same-sex couples they received when acquiring about apartments online as appeared -- compared to how heterosexual couples are
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treated. it was the first time hud had studied things like housing to's commission found that same-sex couples receive a lower response rate when searching for an apartment that heterosexual couples even identical emails, try to keep all variables the same except sexual orientation of the couple. the committee has had several hearings guarding the imports of housing for employment, health, and education for young people. an issue by with but the chairman of the subcommittee and the overall committee have been outspoken leaders. how has had work to remedy the discrimination unveiled but this 2013 study and has the agency continued to track housing buys for same-sex couples? >> what has been done, one, the provision of housing voucher and otherwise subsidies for housing programs for homeless and low-income people. they have not been targeted with regard to lgbtqia+ folks.
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maxine waters offering a disproportionate share of youth who are homeless and child welfare agency identify as or soon to be lgbtqia+. the second part of your question if i understood correctly, has there been accountability around those actions? >> accountability, but has hud continue to track any type of bias either in rental or homeowner sales for same-sex couples? >> i do not have an answer to that question but will work with our deputy director to circle back and make sure we provide you with one. what we do know is that there are very few if any federal data collection enterprises that account for intersectional identities. both surveys, and i make this
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point in my formal testimony, for example they will ask about race or ethnicity with regard to banks or schools but will not then ask questions about sexual identity, gender, or expression. you think about the cdc, they might ask questions that include sexual health and wellness but will not ask questions that awful -- also account for raise and the city. we should think more meaningful about data reporting efforts. >> i appreciate the response. i want to give anyone else on the panel an opportunity to weigh in on housing discrimination against the lgbtqia community. madam chair, i will yield back the balance of my time. >> my mute button was stuck.
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thank you to our vice chair and to all of our witnesses today and also to the chair of the financial services committee for joining us for this full hearing. ranking member wegner, we have exhausted all of our members. if you have no other members coming within accordance of our rules, i can think our witnesses and adjourned the hearing. >> it has been most informative. i look forward to things as we move forward and i know we will continue to dialogue that we have begun here today. i thank you. matt chairwoman, i yield back. >> thank you and we thank the witnesses. i can tell you by the questions from both sides of the aisle, we have a lot more we want to hear from you, a lot more to hear. and for this first-ever dni
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subcommittee, we offer -- ankle for you and helping us grow. without objection, our members will have five legislative days in which to submit additional written questions for the witnesses to the chair. which will be forwarded to the witnesses for their response. i asked our witnesses to please respond as promptly as you are able. without objection, all members will have five legislative days within which to submit extraneous material to the chair for inclusion in the record. i remind members to submit written questions and materials for the record to the email address provided to your staff. without objections, i would like to enter statements from the credit union national association and human rights campaign for inclusion in the record. with no objections, the he
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