Joint Standards for Assessing Diversity Policies and Practices

ICR 201702-7100-004

OMB: 7100-0368

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2017-02-10
ICR Details
7100-0368 201702-7100-004
Historical Active 201602-7100-010
FRS FR 2100
Joint Standards for Assessing Diversity Policies and Practices
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 02/10/2017
Retrieve Notice of Action (NOA) 02/10/2017
  Inventory as of this Action Requested Previously Approved
02/28/2019 02/28/2019 02/28/2019
488 0 976
5,856 0 7,808
0 0 0

Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) requires the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), Bureau of Consumer Financial Protection (CFPB), and Securities and Exchange Commission (SEC) (the agencies) each to establish an Office of Minority and Women Inclusion (OMWI) to be responsible for all matters of the agency relating to diversity in management, employment, and business activities. The Policy Statement includes Joint Standards that cover “Practices to Promote Transparency of Organizational Diversity and Inclusion.” These Joint Standards expect a regulated entity to be transparent about its diversity and inclusion activities by making certain information available to the public annually on its websites or through other appropriate communications methods, in a manner reflective of the entity’s size and other characteristics. In addition, the Policy Statement includes Joint Standards that address “Entities’ Self-Assessment” and that a regulated entity, in a manner reflective of its size and other characteristics, is encouraged to publish information pertaining to its efforts with respect to the Joint Standards.

US Code: 12 USC 342 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
  
None

Not associated with rulemaking

  80 FR 33016 06/10/2015
80 FR 68901 11/06/2015
Yes

1
IC Title Form No. Form Name
One- time implementation
Joint Standards for Assessing Diversity Policies and Practices

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 488 976 0 0 -488 0
Annual Time Burden (Hours) 5,856 7,808 0 0 -1,952 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease in annual burden hours reflects the removal of the one-time implementation burden.

$0
No
No
No
Yes
No
Uncollected
Scott Farmer 202-452-2253 [email protected]

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
02/10/2017


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