July 14, 2010 Posted by Scott at 5:10 AM
The current Congress is working hand in glove with the Obama administration to take us ever further backwards on civil rights. This week's example is section 342 of the Dodd-Frank bill.
The bill generally grants the federal government ever greater power over the financial services industry. As Diana Furchtgott-Roth noted last week, section 342 of the bill requires all federal agencies governed by the bill establish an Office of Minority and Women Inclusion responsible for "all matters of the agency relating to diversity in management, employment, and business activities."
Among other things, these offices must "develop standards" for "assessing the diversity policies and practices of entities regulated by the agency." That means the whole financial industry. Financial regulation and affirmative action all in one. It is a "major power grab."
The U.S. Civil Rights Commission is not standing idly by. Yesterday four individual commissioners -- Peter Kirsanow, Gail Heriot, Ashley Taylor and Todd Gaziano -- sent a letter to Senate leaders opposing the bill's affirmative action provisions.
Full blog post: http://www.powerlineblog.com/archives/2010/07/026754.php