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Minority and Women Inclusion Amendments

Open Date:
Open for comment 10/19/2016
All comments are due by 12/27/2016
Notice of Proposed Rulemaking
Fannie Mae; Freddie Mac; Federal Home Loan Banks; Office of Fianance
Fannie Mae; FHLBanks; Freddie Mac; Office of Finance
Document Number:
12 CFR Part 1207
CFR Description:
Minority and Women Inclusion
Federal Register Publish Date:
View Document:
/SupervisionRegulation/Rules/RuleDocuments/Minority and Women Inclusion 2016 Amends NPR 10-18-16_FOR WEB.pdf|195.59 KB;
Contact Information:

FOR FURTHER INFORMATION CONTACT:  Sharron P. A. Levine, Director, Office of Minority and Women Inclusion, Sharron.Levine@fhfa.gov, (202) 649-3496; Eric Howard, Deputy Director, Office of Minority and Women Inclusion, Eric.Howard@fhfa.gov, (202) 649-3009; or James Jordan, Assistant General Counsel, James.Jordan@fhfa.gov, (202) 649-3075 (not toll-free numbers), Federal Housing Finance Agency, 400 Seventh Street, SW., Washington, DC 20219. The telephone number for the Telecommunications Device for the Hearing Impaired is (800) 877-8339.

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SUMMARY:  The Federal Housing Finance Agency is issuing notice and providing an opportunity for the public to comment on proposed amendments to its regulations on minority and women inclusion. Those regulations, located at 12 CFR part 1207, require the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) (together, Enterprises), and the Federal Home Loan Banks (Banks or Bank System) and the Bank System’s Office of Finance (collectively, the regulated entities) to promote diversity and ensure the inclusion and utilization of minorities, women, and individuals with disabilities and minority-, women-, and disabled-owned businesses in all business and activities at all levels, including management, employment, and contracting. The proposed amendments would:

  • Require each regulated entity to develop and adopt strategies for promoting diversity and ensuring the inclusion of minorities, women, and individuals with disabilities;
  • Improve the usefulness and comparability of the information the regulated entities report to FHFA about their efforts to advance diversity and inclusion; and
  • Require the regulated entities to provide information in their annual reports to FHFA about their efforts to advance diversity and inclusion through capital market transactions, affordable housing and community investment programs, initiatives to improve access to credit, and strategies for promoting the diversity of supervisors and managers.

The Public Comment period on the Proposed Amendments will end 60 days after the date of publication in the Federal Register.

Submit a Comment
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Privacy Act Notice

This notice is provided pursuant to the Privacy Act of 1974 (Privacy Act), as amended, 5 U.S.C. 552a. The collection of information is to process and/or respond to your complaint, appeal, inquiry, request for information, to review and post comments on proposed rules/regulations, to review feedback received on FHFA proposed or implemented initiatives, and to compile a list of potential vendors and contractors. The records are used in accordance with Systems of Records Notices (SORN), FHFA-3 Correspondence Tracking System, FHFA-20 Telecommunications System, and FHFA-22 Online Forms. You can view these SORNs by clicking here and here and here . Although providing this information is voluntary, failure to provide the requested information may result in your complaint, appeal, inquiry, request, comment, or feedback not being processed and may make it more difficult for FHFA to respond to you.

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