June 08, 2026
The New York Assembly adjourned this weekend and Assembly Speaker Carl Heastie refused to allow the "Champerty" debt relief bill to be voted on. Despite your thousands of phone calls and constituent, business, bipartisan, union, development organizations, Senate and interfaith support - Heastie bowed to special interests.
Contact New York State Assembly Speaker Carl E. Heastie immediately to cosponsor the Champerty Fix Act (A643-A) and pass the bill.
Because of your calls and work, we won NY Senate passage of our legislation. We also won enough bipartisan support in the Assembly to pass the legislation that would stop "vulture" funds, protect US taxpayers and pensions as well as help reduce food and fuel prices.
New York State Assembly Speaker Heastie can still do the right thing. Keep the calls to his office coming!
Our coalition of faith, businesses, unions, anti-poverty, development and environmental groups and diaspora communities is not giving up. With your help, we can bring this critical legislation through the finish line.
Gratefully,
Aldo Caliari
Senior Director of Policy and Strategy
Twitter: @AldoCaliari
www.jubileeusa.org/support-us
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June 08, 2026
1.) Ask to be transferred to New York State Assembly Speaker Carl Heastie
2.) Tell Assembly Speaker Heastie (or leave a message):
“Please cosponsor the Champerty Fix Act (A643-A), reopen the Assembly session and bring the bill to the floor for a vote. The bill already passed the Senate with overwhelming support. It protects countries in debt crisis from the predatory action of “vulture” funds and protects pensions, taxpayers and New York as a primary financial hub. Champerty can help bring down the prices of food and fuel. It also reduces too high interest rates on countries struggling in debt crisis.”
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June 05, 2026
Dear Friend,
Thanks to you and the thousands of phone calls you generated, our Jubilee debt "Champerty" bill passed the Senate. The New York Assembly has extended their through tonight and your pressure and our Jubilee team on the ground here in Albany is pushing Assembly Speaker Heastie to move our bill to the floor.
Please make a donation now to support our efforts that address global poverty, corruption and lower our too high food and fuel prices. Your gifts are doubled now.
Today, the average developing country spends more on debt than health, education and all social issues combined. Debt crises endanger US retirement and pensions. When our trading partners are in crisis - it impacts what we pay at the gas pump and what we buy at the store.
Because of you, Republicans and Democrats continue to champion our work. As the US Government is hosting the G20 this year, we won support from US Treasury to expand our debt relief and development efforts.
As we mobilize the religious community, businesses and unions to move the G20 - we need you to join me and make a gift right now. Your gift will be doubled, is tax-deductible and helps us build a more affordable economy for all of us.
Your actions were how we stopped predatory "vulture" funds in New York in 2012 and 2014. Your support means that we've won more than $800 billion in aid and relief for developing countries. Because of you, every G20 meeting has made a global economy that is more transparent and that works better for all of us.
Gratefully,
Eric LeCompte
Executive Director
Jubilee USA Network
[email protected]
Twitter: @Eric_LeCompte
www.jubileeusa.org/support-us
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June 03, 2026
The New York State Senate passed debt relief legislation, last night, that offers debt relief and stops predatory hedge funds from exploiting countries facing crisis. The Champerty Fix Act heads to the Assembly. With enough votes to pass the bill, Assembly Speaker Heastie can bring the debt legislation to the floor before session ends.
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June 02, 2026
Eric LeCompte, the Executive Director of Jubilee USA Network, was recently featured in Devex, revealing optimism towards what the G20 can accomplish in 2026.
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June 01, 2026
The New York State Senate is poised this week to pass debt relief legislation, or the Champerty Fix Act. The bill must be taken up by the lower house, the New York State Assembly, this week to move the legislation for the Governor's signature.
"This legislation is critical for stopping behavior that exploits countries in crisis," noted Eric LeCompte who heads the religious development coalition, Jubilee USA Network. "One of the great aspects of this bill is that it lowers punitive interest rates when countries are in a debt crisis."
New York law governs more than 50 percent of privately held sovereign debt contracts. The “Champerty Fix Act” (S.1477, A.643-A) prevents predatory “vulture funds” from purchasing cheap debt with the purpose of litigating to collect in full.
"Lawsuits from certain hedge funds, who are not making a legitimate investment in a country, delay the resolution of debt crises," noted LeCompte. "These predatory firms not only impact social programs in developing countries, they also take advantage of taxpayers and legitimate Wall Street investors."
Religious, labor, anti-poverty, development, diaspora and environmental groups support the bill.
“The bill can help stabilize rising food and fuel prices as the legislation helps our trading partners,” said LeCompte. "It can also protect our pensions which have legitimate investments in countries and keep our taxpayer dollars from bailing out these funds."
In addition to curbing predatory behavior, the bill cuts the interest rate that debtor countries incur while lawsuits move through the courts, which incentivizes long litigation in New York courts.
The current session of the New York State legislature adjourns on June 4.
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June 01, 2026
1.) Ask to be transferred to New York State Assembly Speaker Carl Heastie
2.) Tell Assembly Speaker Heastie (or leave a message):
“Please cosponsor and bring the Champerty Fix Act (A643-A) to the floor for a vote. The bill protects countries in debt crisis from the predatory action of “vulture” funds and protects pensions, taxpayers and New York as a primary financial hub. Champerty can help bring down the prices of food and fuel. It also reduces too high interest rates on countries struggling in debt crisis.
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June 01, 2026
Urge NY Speaker Heastie to Bring Debt Bill to Assembly Floor
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May 29, 2026
The Co-Chair of the Jubilee USA Network Board, Rabbi Matt Cutler and Executive Director of New York State Council of Churches, Rashida Tyler, provided insights on how the Champerty Fix Act (S1477/A643A) aligns with Jewish and Christian Faith in a recent Times Union opinion article.
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April 22, 2026
Eric LeCompte, the Executive Director of Jubilee USA Network, was recently spotlighted in Devex Newswore, conveying confidence in the U.S. progressing macroeconomic debt issues. Read the excerpt below and follow the link to the full article.
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April 21, 2026
Eric LeCompte, the Executive Director of Jubilee USA Network, was recently spotlighted in Devex, expressing optimism on the U.S. progressing macroeconomic debt conversations. Read the excerpt below and follow the link to the full article.
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