Today's Date: March 24, 2023
NEI sets human rights, inequality, net zero, nature as focus themes for corporate engagement   •   L.A. Care and Blue Shield of California Promise Health Plans Open New Community Resource Center in Norwalk   •   SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in DISH Network Corporation with Losses of $100,000 to Contac   •   Gaming Arts will showcase an impressive lineup of new titles displaying creativity and innovation at IGA 2023   •   Stratus Financial Will Join Sun N Fun Aerospace Expo 2023   •   FOOD AS MEDICINE: Spartan Medical Answers the Call to Help Veterans Eat Healthier Aligned with the Department of Veterans Affair   •   Canadian securities regulators publish detailed data for eighth annual review of representation of women on boards in Canada   •   CRTC to improve access to Internet and mobile services across Canada   •   INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Block, Inc. (SQ) on Behalf of Investors   •   Xavier Cole named 18th president of Loyola University New Orleans   •   RedDrop Announces Bold Stance to Support Early Menstruating Girls in Florida with $15M Donation In Services   •   Agilent Presents 2023 Darlene Solomon Award to Victor Chang Cardiac Research Institute Scientist, Kathryn Wolhuter   •   TAL ALERT: Bragar Eagel & Squire, P.C. is Investigating TAL Education Group on Behalf of TAL Stockholders and Encourages Inv   •   Fire Victim Trust Settles Vegetation Management Claims For $171m   •   PepsiCo Juntos Crecemos and Celebrity Chef Lorena Garcia Team Up to Support Jefa-Owned Businesses on National Jefa Day   •   Inovia Vein Leads Community Outreach for DVT Awareness Month   •   Swisslog Healthcare Promotes Eric Waski to Senior Vice President – Technology Center   •   Incyte Provides Regulatory Update on Ruxolitinib Extended-Release Tablets   •   The Law Offices of Frank R. Cruz Announces Investigation of Block, Inc. (SQ) on Behalf of Investors   •   /C O R R E C T I O N -- Autism Speaks/
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Congress Protects Legal Aid To The Poor

 WASHINGTON - In the quest for “justice for all,” a major victory has been won.  Congress has acted to protect a critical funding stream for legal aid to the poor, legal education, and the administration of justice by continuing unlimited FDIC coverage for Interest on Lawyers’ Trust Accounts (IOLTA). 

The issue was serious and the hour was growing late: if Congress had not extended unlimited FDIC insurance on these accounts for two more years, lawyers and their clients faced complicated ethical and financial questions about handling money involved in legal transactions. The ultimate casualty of this confusion would have been poor people whose access to the justice system comes through assistance from IOLTA-funded programs. 

Like all victories, this one required a team effort with some exceptional leaders. The ABA is grateful for the tireless Congressional leadership of Senators Merkley, Enzi, Isakson, Cornyn, Johnson, Corker, and Dodd, and of Representatives Doggett, Biggert, Frank, Conyers and Bachus. ABA members, bar associations, IOLTA programs, Access to Justice Commissions and others across the country also played a crucial role by joining the effort to pass this bill. We now welcome the President’s signing the measure into law.     

Today’s dramatic move helps practicing lawyers and their clients, while safeguarding funding for legal aid and the justice system. During this holiday season, it is something to celebrate.  


STORY TAGS: GENERAL, BLACKS, AFRICAN AMERICAN, LATINO, HISPANIC, MINORITIES, CIVIL RIGHTS, DISCRIMINATION, RACISM, DIVERSITY, RACIAL EQUALITY, BIAS, EQUALITY



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