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RECOGNIZING AMBASSADOR HAROLD E. DOLEY, JR. ON HIS 75TH BIRTHDAY
The SPEAKER pro tempore. The Chair recognizes the gentleman from Louisiana (Mr. Carter) for 5 minutes.
Mr. CARTER of Louisiana. Mr. Speaker, I rise today to recognize Ambassador Harold E. Doley, Jr. on his 75th birthday.
Ambassador Harold E. Doley, Jr., a native of New Orleans, Louisiana, rang the closing bell of the New York Stock Exchange on February 18, 2022, marking his 50th anniversary of becoming a member.
Ambassador Doley began his career in investment banking in 1968. Five years later, at the tender age of 26, he bought a seat on the stock exchange, becoming the first and only African American in history to do so.
Ambassador Doley chaired the investment committee of Southern Africa Enterprise Development Fund, SAEDF, a private equity fund. Ambassador Doley also placed the first Black market maker on the Johannesburg Stock Exchange.
Industry peers honored Ambassador Doley as an Outstanding Broker of the Year in 1971, and The Wall Street Journal selected him as Stock Picker of the Year in 1990.
Ambassador Doley has been an appointee of five Presidential administrations.
In 1982, Ambassador Doley was appointed the founding director of the Minerals Management Service in the Department of the Interior, a department of more than 5,000 employees. MMS represented the second-
largest revenue source to United States Government at that time.
In 1983, Ambassador Doley was appointed the United States Representative of the African Development Bank Fund, AfDB, headquartered in Abidjan, Ivory Coast.
The AfDB was able to quadruple its authorized capital by using Ambassador Doley's capital increase formula.
At the AfDB, Ambassador Doley secured a AAA rating from the global financial rating agencies, the first AAA rating for an African-based entity.
Ambassador Doley was inducted into the United States Small Business Administration Hall of Fame in 2005 and is a life member of the Council on Foreign Relations.
In 2003, the Doley family funded the Doley Foundation, whose mission is to support education and cultural endeavors that impact the African diaspora.
The foundation and its work is an outgrowth of a 1977 study the ambassador commissioned and directed in determining the reliability of using apartheid South Africa as a dependable source for the strategic and ubiquitous metal, platinum. The study can be found at the U.S. Library of Congress today.
In 2018, Ambassador Doley received the Imagine Award for Special Recognition in Social Justice in Cape Town for this watershed document.
The Doley Foundation replaced the Southern University Law Library in New Orleans after Hurricane Katrina and funded an NFL study that called on the league to engage with its franchise owners' contracts with minority businesses.
A graduate of my alma mater, Xavier University, and the President Management program and Harvard Business School, Ambassador Doley was recently selected as one of 50 Wall Street practitioners interviewed for this piece, Remembering Wall Street: 1950-1980.
Ambassador Doley is married and has two sons and two grandsons.
A huge congratulations and birthday wishes to this outstanding New Orleans native, Ambassador Harold Doley.
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SOURCE: Congressional Record Vol. 168, No. 41
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