U.S. Representative Emanuel Cleaver
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Rep. Cleaver Introduces Legislation to Bring Transparency, Equal Opportunity to Management of College and University Endowments
Today, U.S. Representative Emanuel Cleaver, II (D-MO) continued his push for greater accountability to diversity and inclusion in the trillion-dollar asset management industry with the introduction of the Endowment Transparency Act of 2022. Asset managers manage funds for others, such as individuals, organizations, and institutions, and invest college and university endowment assets which collectively total more than $821 billion.
