Quotas Hidden in Bank Reform Bill Will Cost Taxpayers MillionsMuch more HERE.
Buried deep in the bowels of the massive financial-regulation bill the Senate passed Thursday are massive race- and gender-employment provisions that will cost countless millions to enforce and appear to duplicate other civil-rights initiatives already in place.
Section 342 of the bill calls for an "Office of Minority and Women Inclusion" to be established in each of 29 federal bureaus and offices.
The regulations appear to go beyond ensuring that discrimination in hiring decisions does not occur. Instead, they require assurance of "fair inclusion." [This provision] will pressure companies to find and hire minorities even if one hasn't applied for a specific job.
Saturday, July 17, 2010
THE COSTLY QUOTAS IN THE BANK REFORM BILL