Janet Yellen USA president awards Department Janet Yellen USA

Diversity, equity, inclusion dominate Biden admin's policy priorities across agencies

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The Treasury Department's launch of a new advisory committee on racial equity is just one of dozens of ways in which the federal government is working to advance President Biden's sweeping diversity, equity, inclusion and accessibility (DEIA) agenda. "We know that we need to do all we can to build a fairer economy, and that’s why we have put racial equity at the forefront of our agenda at Treasury and across the Biden administration," Treasury Secretary Janet Yellen said Tuesday as she announced the equity committee.

The Treasury committee is a natural extension of the administration’s broad effort to promote "equity" that started with an executive order on advancing racial equity that Biden issued on his first day in office.

Yellen said the administration has pursued that goal in bills like the American Rescue Plan, which aspires to build a foundation for an "equitable economic recovery," and the infrastructure bill, which she said will boost investment in communities "that have often been ignored or overlooked." Treasury is one of several federal agencies taking its cue from the White House.

In the run-up to the midterm elections, the White House has put up a series of posts about equity as it relates to federal grant funding, federally funded research, stopping the spread of monkeypox and access to infrastructure contracts.

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