{"database": "press", "table": "releases", "rows": [["https://www.booker.senate.gov/news/press/booker-waters-send-letter-to-government-accountability-office-urging-updated-study-on-disparities-in-asset-management", "Booker, Waters Send Letter to Government Accountability Office Urging Updated Study on Disparities in Asset Management", "2022-12-15", "2022", "2022-12", "Democrat", "Senate", "NJ", "Cory A. Booker", "B001288", "www.booker.senate.gov", "booker", "https://www.booker.senate.gov/news/press", "scraper", "WASHINGTON, D.C. \u2013 U.S. Senator Cory Booker (D-NJ) and U.S. Representative Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to the United States Government Accountability Office (GAO) highlighting the severe lack of progress our nation\u2019s federally managed pension funds have made in boosting representation of diverse asset management firms over the years. In the letter Chairwoman Waters and Senator Booker urge the agency to investigate these disparities by conducting a comprehensive study that focuses on new metrics that assesses the efforts fund investors, such as federal pension funds, have taken to engage diverse asset managers.\n\nThe letter comes after the publication of a comprehensive Financial Services Committee report entitled, \u201cDiversity and Inclusion: Holding America\u2019s Largest Investment Firms Accountable\u201d and two Diversity and Inclusion subcommittee hearings exploring large investment firms and asset managers, respectively.\n\n\u201cDiversity within the asset management industry is not only a matter of fairness for professionals in the financial services sector, but it has wide-ranging impacts on the millions of Americans whose $115 trillion are under management. It has long been documented that minority- and women-owned (MWO) asset management firms perform as well as their peers, yet nearly 99% of assets continue to be managed by White, male-led firms,\u201d said Senator Booker and Chairwoman Waters. \u201cDespite congressional and administrative efforts to address the disparities that limit opportunities for MWO asset managers, there has been little to no progress made over the last decade.\u201d\n\nCo-signers for this letter include: Representatives Alma Adams (D-NC), Joyce Beatty (D-OH), Al Green (TX), Al Lawson (D-FL), Juan Vargas (D-CA), Nikema Williams (D-GA) and Senators Timothy Kaine (D-VA), Ben Ray Luj\u00e1n (D-NM), Robert Menendez (D-NJ), Patty Murray (D-WA) and Elizabeth Warren (D-MA).", 1, "2026-03-30T01:40:41Z", "2026-04-08T03:32:05Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.booker.senate.gov/news/press/booker-waters-send-letter-to-government-accountability-office-urging-updated-study-on-disparities-in-asset-management"], "units": {}, "query_ms": 0.9154290892183781, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}