Open Letter to Governor Hochul and Members of the New York State Legislature on the Sovereign Debt Stability Act

We – the undersigned former Heads of State and Government, artists, concerned citizens, and policy makers – rise in support of a transformative initiative on which only New York has the power to act, with the potential to relieve the hardship of millions, help stabilize the global economy, and promote justice on a scale that reverberates far beyond the boundaries of the Empire State. We urge you to champion and pass the Sovereign Debt Stability Act (S5542/A2970) this year to reform New York’s governance of sovereign debt to help secure New York’s economy and protect the most vulnerable around the world from abusive and unfair lending practices.