Financial regulation: Financial reform bill calls for diversity - latimes.com
A House Republican aide said one agency estimated that the office would cost it about $270,000 a year.
30 agencies at $270K a year is $8.1 million a year.
Also like this part:
The effect is hard to gauge because the law gives the director of every new office the authority to develop each agency's own standards for equal employment, as well as at the companies they regulate and contract with for such services as asset management. If the legislation is interpreted broadly, the diversity requirements could reach down to subcontractors that provide food or janitorial services something not required under current rules, said Jon Geier, an employment law expert at the Paul Hastings law firm.
A House Republican aide said one agency estimated that the office would cost it about $270,000 a year.
30 agencies at $270K a year is $8.1 million a year.
Also like this part:
The effect is hard to gauge because the law gives the director of every new office the authority to develop each agency's own standards for equal employment, as well as at the companies they regulate and contract with for such services as asset management. If the legislation is interpreted broadly, the diversity requirements could reach down to subcontractors that provide food or janitorial services something not required under current rules, said Jon Geier, an employment law expert at the Paul Hastings law firm.
