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INVESTORS, BUSINESS LEADERS, AND ADVOCATES ENCOURAGED AS BARCLAYS, KEYBANC CAPITAL MARKETS, INC. DROPS PRISON MUNI BOND DEAL
INVESTORS, BUSINESS LEADERS, AND ADVOCATES ENCOURAGED AS BARCLAYS, KEYBANC CAPITAL MARKETS, INC. DROPS PRISON MUNI BOND DEAL

Days after a group of impact investors, business leaders, and social justice advocates called on global investors to refuse to purchase a $630 million taxable municipal bond offering by the Alabama Department of Corrections (ADOC) through the Wisconsin Public Finance Authority, Barclays, who was leading the financing, along with KeyBanc Capital Markets Inc. announced they were pulling out of the deal, while CoreCivic and the state of Alabama vow to move forward with the project.

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INVESTORS, BUSINESS LEADERS, AND ADVOCATES ENCOURAGED AS BARCLAYS, KEYBANC CAPITAL MARKETS, INC. DROPS PRISON MUNI BOND DEAL
Investors, Business Leaders, and Advocates Demand Barclays Kill Prison Muni Bond Sale

A day after a group of impact investors, business leaders, and social justice advocates called on global investors to refuse to purchase a $630 million taxable municipal bond offering by the Alabama Department of Corrections (ADOC) through the Wisconsin Public Finance Authority, Barclays, who led the financing, announced it was delaying the sale. Proceeds from the deal would be used to build two prison facilities.

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Collective Outcry Forces Biden Administration to Increase Refugee Cap Next Month
Collective Outcry Forces Biden Administration to Increase Refugee Cap Next Month

Late today, the Biden-Harris administration announced that it would set a new refugee admission cap next month, after immigrant and refugee advocates denounced the administration’s earlier cowardly decision to maintain the 15,000 ceiling set by the prior administration, and accusing the Biden administration of breaking its promise to increase the cap this fiscal year.

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Collective Outcry Forces Biden Administration to Increase Refugee Cap Next Month
Biden Administration Breaks Promise and Keeps Refugee Admissions Cap at Lowest in Years

Today, the Biden-Harris administration announced that it will maintain the refugee admissions ceiling of 15,000 set by the prior administration, breaking its promise to increase the cap this fiscal year. This cowardly decision is a major disappointment that leaves thousands of individuals and families who have been desperately waiting to begin to rebuild their lives in a safe place and to be reunited with their families for years, indefinitely stranded.

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“Much of the strategy around drawing attention to this deal was led by Alabama activists like @CommsNotPrisons and @alagainstprison, who teamed up with national organizers like @PresenteOrg @WorthRises @FightXPrisons Justice Capital & @CandideGroup" https://buff.ly/3ew4R9D

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