NYSE Morning Bell Commemorates Women’s Equality
Congresswoman Carolyn B. Maloney (NY-12), joined by New York Stock Exchange Chief Operating Officer Stacey Cunningham and New York women leaders from the public and private sectors, rang the opening bell at the New York Stock Exchange in honor of Women’s Equality Day 2016, a day designated to commemorate the ratification of the 19th Amendment to the Constitution 96 years ago.
Prior to the August 26 ringing, Congresswoman Maloney and her guests gathered in the newly dedicated Muriel Siebert Hall. Maloney presented the NYSE with a Congressional Extension of Remarks in recognition of Hall’s amazing accomplishments as the first woman to buy a seat on the New York Stock Exchange, the first woman to head one of the exchange’s member firms, and the first woman to serve as Superintendent of Banking for New York State. The Extension was accepted on behalf of the NYSE by Cunningham, who exemplifies the strides that women have made in the financial world since Hall first fought for her seat on the NYSE.
“New York State is the birth place of the Women’s Rights Movement,” said Maloney. “96 years ago we gained the right to vote, and we have come so far, but there is still so much left to do. Still, women are paid less than men doing comparable work almost across the board, and the discrepancy widens throughout a woman’s career, moving from a wage gap to a wage gulf. My Joint Economic Committee report on the gender wage gap shows that women over 75 are twice as likely as men to live in poverty.
“Even sexual assault victims, the vast majority of whom are female, are unable to seek justice. The right to sue one’s attacker was included as a provision in the 1994 Violence Against Women Act, but when Christy Brzonkala tried to exercise that right, the Supreme Court dismissed her case and deemed the provision unconstitutional. Gender inequality will persist if we do not act. I truly believe that the only way to eliminate it is to pass and ratify the Equal Rights Amendment. Without it, women’s equality is not guaranteed under the law and will not be upheld in federal court. It’s that simple.
“Eleanor Roosevelt used to say ‘it’s up to the women’ and I take that to heart. It is up to us to pass and ratify the ERA. It is our best weapon against discrimination.”
Since coming to Congress, Maloney has been a tireless advocate and leader in the fight for women’s rights. She is the lead sponsor of the Equal Rights Amendment in the U.S. House of Representativesand has led efforts to advance equal pay for equal work, paid family leave, women’s health needs, reproductive freedom, and international family planning, and authored the bill to create a National Women’s History Museum. For more information on her work to advance women’s rights, you can visit her website.
Among the women joining the Congresswoman for the day’s events were: Lt. Governor Kathy Hochul, Manhattan Borough President Gale A. Brewer, Assemblywoman Rebecca Seawright, daughter of Bella Abzug and founder of the Bella Abzug Leadership Institute Liz Abzug, President of the New York Junior League Suzanne Manning, President of the Breast Cancer Research Foundation Myra Biblowit, President of the Manhattan Chamber of Commerce Jessica Walker, lawyer and women’s rights activist Sybil Shainwald, civil rights activist C. Virginia Fields and author Naomi Wolf.