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Office of Minority and Women Inclusion Report

Office of Minority and Women Inclusion Annual Report to Congress 2018

Published: 3/28/2019

On January 21, 2011, FHFA established its Office of Minority and Women Inclusion (OMWI) to comply with section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). OMWI is responsible for leading the Agency’s efforts to advance diversity and inclusion, by developing and implementing standards for:

  • Equal employment opportunity (EEO) and the racial, ethnic, and gender diversity of the Agency’s workforce, including senior management;
  • Increased participation of minority- and women-owned businesses (MWOBs) in Agency programs and contracts, and standards for coordinating technical assistance to such businesses; and
  • Assessing the diversity policies and practices of the regulated entities.

FHFA is among eight federal financial agencies that the Dodd-Frank Act requires to submit an annual report to Congress containing the following information:

  • a statement of the total amounts paid by the Agency to contractors since the previous report;
    the percentage of the amounts paid to MWOB contractors;
  • the successes achieved and challenges faced by the Agency in operating minority and women outreach programs;
  • the challenges the Agency may face in hiring qualified minority and women employees and contracting with qualified MWOBs; and
  • any other information, findings, conclusions, and recommendations for legislative or Agency action, as the OMWI Director determines appropriate.
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