WASHINGTON, June 9, 2011 /PRNewswire-USNewswire/ -- The National Black Chamber of Commerce today applauded Sen. Jim DeMint (R-SC) for taking a leadership role and introducing an amendment to nullify the recently released Department of Education Gainful Employment rule.
"Misguided DoED senior officials who may have been unwittingly influenced by Wall Street short-sellers with a financial interest in harming career colleges are responsible for the GE regulation that will prevent low-income and minority students from attending crucial career college programs that train some of our most vulnerable students for jobs," said NBCC President and CEO Harry Alford. "Thankfully, Sen. DeMint has recognized how ill-conceived this regulation is and is working to put an end to it. We applaud him for his efforts and encourage other members to support his amendment."
"Gainful Employment is the result of the Department of Education's secretive, biased, non-transparent rulemaking process that will actually hurt students, not help them," said Lanny Davis, lawyer for NBCC, long-time Democratic Party progressive strategist and former member of the Democratic National Committee. "We are greatly encouraged that Sen. DeMint is taking the steps to put an end to this terrible rule."
The NBCC reaches 100,000 Black owned businesses. There are 1.9 million Black owned businesses in the United States. Black businesses account for over $138 billion in annual sales. African Americans have over $1 trillion in expendable income each year according to the U.S. Bureau of Census. The National Black Chamber of Commerce is dedicated to economically empowering and sustaining African American communities through entrepreneurship and capitalistic activity within the United States and via interaction with the Black Diaspora.
For more information, please call NBCC at (202) 466-6888 or visit www.uneducatedpolicy.com.
SOURCE National Black Chamber of Commerce