"Investors Call for Just and Comprehensive Immigration Reform to Foster Economic Stability and Growth”

A group of nearly 100 institutional investors issued a statement today in support of comprehensive immigration reform they view as critical to creating business certainty, operational continuity, economic expansion, and a more cohesive and just society. The statement includes a series of recommended actions for Congress, Companies, and Investors to help achieve this goal.

The statement was issued in response to recent executive orders that are already resulting in an increase in raids by U.S. Immigration and Customs Enforcement (ICE) and the deportations and detentions of people and families without documentation. These political actions are creating heightened anxiety and unpredictability that investors say are already impacting the markets.

Said New York City Comptroller Brad Lander, “Immigrants are an integral part of the rich and diverse tapestry that is America, and have contributed significantly to the workforce, and cultural and entrepreneurial spirit that defines this nation. Congress should act now, without delay, to pass the comprehensive and just immigration reform legislation needed to maintain a competitive edge in the global economy and ensure growth and sustainability across industries and sectors.”..

…mass deportations by the new administration, if executed, could result in a nearly 5% reduction in the labor force…