Can we make this redundancy, redundant.

It wouldn’t be real financial reform if it didn’t create 20 new federal diversity agencies

By: David Freddoso

The Dodd-Frank financial reform bill creates “Offices of Minority and Women Inclusion” in 20 different government and quasi-government institutions, Diana Furchgott-Roth notes.

The section of the bill in question requires that

[N]ot later than 6 months after the date of enactment of this Act, each 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.

Which agencies?

The Treasury, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the 12 Federal Reserve regional banks, the Board of Governors of the Fed, the National Credit Union Administration, the Comptroller of the Currency, the Securities and Exchange Commission, the new Consumer Financial Protection Bureau…all would get their own Office of Minority and Women Inclusion.

Each office would have its own director and staff to develop policies promoting equal employment opportunities and racial, ethnic, and gender diversity of not just the agency’s workforce, but also the workforces of its contractors and sub-contractors.