Financial Reform Bill Establishes Diversity Requirements
The newly-enacted Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203) contains a provision that will impose diversity requirements on businesses in the financial industry. Section 342 of the bill mandates that within six months various federal agencies that deal with financial firms, such as the Treasury Department and the Securities and Exchange Commission, establish an Office of Minority and Women Inclusion (OMWI). The director of each such office will be charged with, among other things, developing and implementing standards for ensuring “to the maximum extent possible, the fair inclusion and utilization of minorities, women, and minority-owned and women-owned businesses in all business and activities of the agency at all levels, including in procurement, insurance, and all types of contracts.”
The Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) will issue an
A number of federal agencies plan to issue an
The Office of Federal Contract Compliance Programs (OFCCP) has issued a
The Department of Labor’s Office of Labor Management Standards (OLMS) will publish in tomorrow’s Federal Register a
The Department of Defense (DoD) will publish in tomorrow’s edition of the Federal Register an
The Department of Labor (DOL) has launched a
In tomorrow’s edition of the Federal Register, the Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) will publish a
On March 19, the Department of Labor’s Wage and Hour Division (WHD) published in the Federal Register a
The Office of Federal Contract Compliance Programs (OFCCP) has posted on its website a set of frequently asked questions (FAQs) about the U.S. Supreme Court’s decision in