; Whereas 14.4 percent of the population in the United States is Black, yet Black households hold only 4 percent of total household wealth compared to 84 percent held by White households; Whereas unions significantly reduce racial wage gaps and racial wealth gaps are generally smaller among union members as a result of the enhanced job protections that workers covered by a union contract enjoy; Whereas the median nonunion White family has more than $7.00 in wealth for every $1.00 held by the median nonunion Black family, but that ratio is roughly half as large among union families, with the median union White family holding $3.70 in wealth for every $1.00 held by the median union Black family; Whereas, in 2022, the median income for Black households in the United States was $52,860 compared to a median income of $81,060 for White households; Whereas, according to economic data from the Federal Reserve— (1) only 46 percent of Black households in the United States owned their home, compared to 75 percent of White households, a disparity on par with the 1960’s; and (2) the unemployment rate for Black workers in the United States is consistently twice as high as it is for White workers; Whereas addressing economic disparities for Black people in the United States requires reimagining governmental and societal policies and practices, which have been rooted in discriminatory intent since the founding of the United States; Whereas addressing the racial wealth gap in the United States must be a holistic effort concentrated across several policy principles, including entrepreneurship, financial services, affordable housing, workforce development, protecting and promoting civic participation, and reforming tax policy; Whereas we must commit to growing the economy of the United States by creating legislative solutions that deconstruct barriers to economic opportunities for Black people and that build Black intergenerational wealth