Political Quotes

“This amendment is very straightforward. It simply urges the CFTC Office of the Chief Economist to encourage applicants for employment by members of minority groups, women, disabled persons, and veterans. This is a basic standard that I believe every corporation and Federal agency in America should and is willing to strive to meet. Our government is stronger when its workforce reflects the rich diversity of the American people, and this is especially true when it comes to our financial regulatory agencies. In the years preceding the financial crash, CFTC and the SEC fell down on the job. Their failures helped set the stage for the crushing recession that followed, an economic downturn that disproportionately impacted communities of color. In the wake of this crisis, Dodd-Frank wisely established the Offices of Minority and Women Inclusion to promote diversity at the Nation's financial regulators and to ensure that the interests of women and minorities would be protected by these agencies. I was pleased when, earlier this month, six regulatory bodies came together to announce the creation of joint standards for assessing the diversity practices of the financial institutions they oversee. Though long overdue, this is a critical step forward that will help to promote a more inclusive financial industry.…”