SIFMA Submits Comments to OMWI Directors Requesting Interagency Coordination Establishing Standards under Dodd-Frank

SIFMA provided comments to the Office of Minority and Women Inclusion ("OMWI"), requesting coordination and uniformity in establishing standards under Dodd-Frank Section 342.

Section 342 requires agencies, including the SEC, FDIC, Office of the Comptroller of the Currency, U.S. Treasury Department and others, to develop standards including:

• "assessing the diversity policies and practices of entities regulated by the agency"; and
• a determination by the Director as to "whether an agency contractor, and, as applicable, a subcontractor has failed to make a good faith effort to include minorities and women in their workforce."

See: SIFMA Comment Letter.