Treasury Department finalizes rule on hiring women, minorities

April 01, 2014 0 COMMENTS

by Judith E. Kramer

The U.S. Treasury Department has issued a final rule requiring that any entity that enters into a contract with the department make good-faith efforts to include minorities and women in its workforce.

The new rule goes into effect April 21. The requirement grows out of the 2010 Dodd-Frank Act, which states that covered agencies will require contractors to provide a written statement that the “contractor shall ensure, to the maximum extent possible, the fair inclusion of women and minorities in the workforce of the contractor, and as applicable, subcontractors.”

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