Dodd-Frankenstein bill forces racial, gender discrimination

July 12, 2010 05:36


Diversity ‘czars’ would be responsible for making sure that each of the major federal financial regulators is hiring enough minorities and women, and contracting with enough minority-owned and women-owned businesses. However, each individual diversity czar is responsible for defining exactly how many minorities, women, and minority- and women-owned businesses are satisfactory.

By Matt Cove at CNSNews.com


The financial regulations package recently passed by the House of Representatives would create a new diversity overseer at each of the major federal financial regulatory agencies, including the new ones created by the legislation itself.

This new office, called the Office of Minority and Women Inclusion, would take over from any existing diversity or civil rights office already working at the agencies in question.

It would also be responsible for making sure that each of the major federal financial regulators is hiring enough minorities and women, and contracting with enough minority-owned and women-owned businesses.

However, each individual diversity czar is responsible for defining exactly how many minorities, women, and minority- and women-owned businesses are satisfactory.

“[E]ach agency shall establish an Office of Minority and Women Inclusion that shall be responsible for all matters of the agency relating to diversity in management, employment, and business activities,” the legislation says. (The bill passed in the House on June 30; a Senate vote could occur as early as next week.)

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