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Friday, July 09, 2010

Democrats Hidden Racial, Gender Quotas in the Financial Bill

Nice catch by Diana Furchtgott-Roth over at Real Clear Markets as she finds hidden racial and gender quotas int he Democrat's financial bill.

Section 342's provisions are broad and vague, and are certain to increase inefficiency in federal agencies. To comply, federal agencies are likely to find it easier to employ and contract with less-qualified women and minorities, merely in order to avoid regulatory trouble. This would in turn decrease the agencies' efficiency, productivity and output, while increasing their costs.

Setting up these Offices of Minority and Women Inclusion is a troubling indictment of current law. Women and minorities have an ample range of legal avenues already to ensure that businesses engage in nondiscriminatory practices. By creating these new offices, Congress does not believe that existing law is sufficient.

Cabinet-level departments already have individual Offices of Civil Rights and Diversity. In addition, the Equal Employment Opportunity Commission and the Labor Department's Office of Federal Contract Compliance are charged with enforcing racial and gender discrimination laws.

With the new financial regulation law, the federal government is moving from outlawing discrimination to setting up a system of quotas. Ultimately, the only way that financial firms doing business with the government would be able to comply with the law is by showing that a certain percentage of their workforce is female or minority.

The new Offices of Women and Minorities represent a major change in employment law by imposing gender and racial quotas on the financial industry. The issue deserves careful debate - rather than a few pages slipped into the financial regulation bill.

Read the entire piece.

Seems the purpose for making bills hundreds or thousands of pages is the Democrats' hopes that no one will actually read the entire thing to find out what they have hidden inside.

Kudos to Diana Furchtgott-Roth for proving them wrong.

H/T Ed Morrissey@Twitter