Deferred Action for Childhood Arrivals
In November of 2017, a group of 112 institutional investors representing hundreds of billions of dollars in assets and led by ICCR sent a letter to each member of Congress requesting immediate action on the Dream Act of 2017 (H.R. 3440, S.1615), a “clean,” bi-partisan bill unfettered by other amendments, that protects the immigration status of recipients of the Deferred Action for Childhood Arrivals (DACA) program.
The investors made the case that the failure to pass a “clean” Dream Act will be detrimental to the businesses our members invest in, as well as the larger business environment. At least 72% of the top 25 Fortune 500 companies employ DACA recipients. Our allies, including Network Lobby and New American Economy, followed up on the letter in their lobbying in Washington on DACA. At the ICCR conference in March, ICCR members discussed a follow up to this letter and other potential actions on immigration issues.