Congressman Fattah Asks his Colleagues to Support the National Cooperative Development Act of 2011

November 15th, 2011 - Congressman Fattah has written a letter to his Colleagues, asking them to become original co-sponsors of this important piece of legislation. In the letter, Congressman Fattah explains to his fellow Members of Congress, some of the many benefits cooperative development has been shown to have to communities:

  • Advancing the economic stability of local areas;

  • Increasing the circulation of capital in the local area increasing its economic multiplier and the impact of community investment, spurring locally oriented economic growth;

  • Developing, attracting and anchoring new productive capital in low-income communities; and

  • Expanding investment opportunities and asset creation for low and moderate-income American.

Download a copy of the Dear Colleague Letter and a copy of the Legislation.