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Queens lawmaker backs bill to close New York’s ‘champerty loophole’ used by vulture funds

A Queens lawmaker and a Brooklyn housing organizer are backing a New York bill to close the champerty loophole that lets vulture funds sue struggling nations.

Queens lawmaker backs bill to close New York’s ‘champerty loophole’ used by vulture funds
Queens Assemblymember Jessica Gonzalez-Rojas is pushing to close the 2004 loophole that lets hedge funds sue debt-distressed countries in New York courts.
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A Queens assemblywoman and a Brooklyn housing organizer are pushing New York to slam shut a legal opening that lets so-called vulture funds haul struggling countries into state court and squeeze them for years, in an op-ed published June 4 in the New York Daily News by Assemblywoman Gonzalez-Rojas and Solano, the executive director and co-founder of Churches United For Fair Housing.

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