Problem:
Imprisonment of Undocumented People for a profit
Corrections Corporation of America (CCA) and GEO group, are America’s largest private prison, who are the biggest winners of the broken immigration system, taking in billions of dollars in government contracts to detain immigrants, with 40% of their business coming from federal government detention contracts. The company recognizes that an enforcement-heavy immigration policy is good for their bottom line and has spent millions of dollars on lobbying and campaign contributions to anti-immigrant politicians who push for enforcement at the expense of real comprehensive immigration reform. Now, with immigrants comprising the fastest growing segment of the federal prison population, CCA stands to lose their biggest cash cow if Congress enacts real comprehensive immigration reform.
Wells Fargo owns 3,596,084 shares of stock in the Geo Group and owns 48,122 shares of stock in Corrections Corporation of America (CCA).
Corrections Corporation of America (CCA) and GEO group, are America’s largest private prison, who are the biggest winners of the broken immigration system, taking in billions of dollars in government contracts to detain immigrants, with 40% of their business coming from federal government detention contracts. The company recognizes that an enforcement-heavy immigration policy is good for their bottom line and has spent millions of dollars on lobbying and campaign contributions to anti-immigrant politicians who push for enforcement at the expense of real comprehensive immigration reform. Now, with immigrants comprising the fastest growing segment of the federal prison population, CCA stands to lose their biggest cash cow if Congress enacts real comprehensive immigration reform.
Wells Fargo owns 3,596,084 shares of stock in the Geo Group and owns 48,122 shares of stock in Corrections Corporation of America (CCA).
Solution:
Divestment
NPA’s national network has called for Wells Fargo to divest from CCA and GEO groups, which will incapacitate their expansion efforts.
NPA’s national network has called for Wells Fargo to divest from CCA and GEO groups, which will incapacitate their expansion efforts.
