Agenda - 01-22-2019 4-e - Resolution Requesting That Representative David Price Endorse Alexandria Ocasio-Cortez’s Resolution for a Select Committee on a Green New Deal

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4 7. The right to fair taxation that's distributed in proportion to ability to pay. In addition, corporate tax subsidies will be made transparent by detailing them in public budgets where they can be scrutinized, not hidden as tax breaks. II—A GREEN TRANSITION The second priority of the Green New Deal is a Green Transition Program that will convert the old, gray economy into a new, sustainable economy that is environmentally sound, economically viable and socially responsible. We will: 1. Invest in green business by providing grants and low-interest loans to grow green businesses and cooperatives, with an emphasis on small, locally-based companies that keep the wealth created by local labor circulating in the community rather than being drained off to enrich absentee investors. 2. Prioritize green research by redirecting research funds from fossil fuels and other dead-end industries toward research in wind, solar and geothermal. We will invest in research in sustainable, nontoxic materials, closed-loop cycles that eliminate waste and pollution, as well as organic agriculture, permaculture, and sustainable forestry. 3. Provide green jobs by enacting the Full Employment Program which will directly provide 16 million jobs in sustainable energy and energy efficiency retrofitting, mass transit and"complete streets"that promote safe bike and pedestrian traffic, regional food systems based on sustainable organic agriculture, and clean manufacturing. III—REAL FINANCIAL REFORM The takeover of our economy by big banks and well-connected financiers has destabilized both our democracy and our economy. It's time to take Wall Street out of the driver's seat and to free the truly productive segments of working America to make this economy work for all of us. Real Financial Reform will: 1. Relieve the debt overhang holding back the economy by reducing homeowner and student debt burdens. 2. Democratize monetary policy to bring about public control of the money supply and credit creation. This means we'll nationalize the private bank-dominated Federal Reserve Banks and place them under a Monetary Authority within the Treasury Department. 3. Break up the oversized banks that are "too big to fail." 4. End taxpayer-funded bailouts for banks, insurers, and other financial companies. We'll use the FDIC resolution process for failed banks to reopen them as public banks where possible after failed loans and underlying assets are auctioned off. 5. Regulate all financial derivatives and require them to be traded on open exchanges.