The Daily Caller

The Daily Caller

U.S. Commission on Civil Rights demands changes to Democrats’ financial reform bill

Four members of the United States Commission on Civil Rights have sent a letter to Senate leaders urging them to remove a section from the Dodd-Frank financial reform bill, which would impose racial and gender quotas on financial institutions.

Earlier this month Diana Furchtgott-Roth, former chief economist at the U.S. Department of Labor and senior fellow at the Hudson Institute, made news when she highlighted Section 342 of the recent financial reform bill as a provision which changes employment law in the financial sector from outlawing discrimination to creating a quota system.

Commissioners Peter Kirsanow, Ashley Taylor, Gail Heriot, and Todd Gaziano affixed their names to the letter, which charges the Senate with either “consciously or unconsciously” promoting discrimination.

“All too often, when bureaucrats are charged with the worthy task of preventing race or gender discrimination, they in fact do precisely the opposite,” the letter reads. “They require discrimination by setting overly optimistic goals that can only be fulfilled by discriminating in favor of the groups the goals are supposed to benefit.”

The letter continues, “In this case, the bureaucrats are not even being asked to prevent discrimination, but to ensure ‘fair inclusion.’ The likelihood that it will in fact promote discrimination is overwhelming.”

The letter goes on to chastise members of Congress who insert language purely for political gain.

“Some legislators have evidently come to think of women and minorities as just another constituency whose leaders must be brought on board with incentives when major legislation is being considered,” the letter says. “The notion that legislation should include ‘a little something’ for everyone is troubling in any context, but it is especially troubling in the context of race and gender, given the requirements of the Fifth and Fourteenth Amendments to the Constitution.”

Commissioner Todd Gaziano told The Daily Caller that Section 342, whether it intends to or not, could have dire implications for the financial markets.

“The likely end of creating offices that require these types of racial and gender goals is that it will result in quotas and discrimination,” he said. “There are many existing laws and enforcement mechanisms that already prohibit discrimination. This provision, by contrast, takes affirmative steps to guarantee discrimination.”

The letter comes from individual commissioners rather than from the entire eight-member body. This is due to the fact that the Commission did not have a meeting scheduled until Friday and, according to Gaziano, the urgency of the issue was such that they had to coordinate outside of the planned meeting. He speculated that other members might eventually sign on, or write letters of their own.

Gerald Reynolds, chairman of United States Commission on Civil Rights, told The Daily Caller that the only reason he did not sign on to the letter was that he did not have enough time to review it before it had to be sent. “I have similar sentiments and intend to follow up with my own letter,” he said. “This provision is the creation of a bureaucracy without thought…The approach it takes is to count noses without nuance.”

  • jeffincos

    That dude has a fantastic mustache.

  • http://www.facebook.com/people/Michael-Johns/1681497708 Michael Johns

    No biggie Caroline, but I think you meant Diana Furchtgott-Roth instead of ‘Furghtgott’-Roth. Like I said, no biggie, unless you’re a stickler for that kind of thing.

    • Caroline May

      No, that is a big deal. Thanks for your sharp eye!

  • truebearing

    As more and more of Obama’s agenda is inflicted on this country it is clear as a mountain stream that race based redistribution is a key, if not the key, objective.

    You can interpret some of it as pro-minority and some of it as anti-white. Some of it is both, like this bill. Is it any wonder Obama hasn’t forced Holder to apply the law equally? They are both racists.

    • http://www.facebook.com/people/Michael-Johns/1681497708 Michael Johns

      Now wait a second, truebearing, I can’t let you get away with that. You can blame Maxine Waters all you want, but I won’t let you blame this quota thing on Obama and Holder. I simply will not stand for it. I love you to death, truebearing, but c’mon, let’s be fair here.

      • truebearing

        What are you babbling about? You aren’t stopping me, or anyone else. About the only thing your flaccid intellect will stop is itself. I am too partial to the truth to be interested in your ridiculous whining about “being fair”.

        And don’t try the false Van Jones-esque “I love you man” crap on me. It doesn’t work on Beck and it won’t work on me, or anyone else with a brain. Just because it worked on you is no reason to adopt it as a universal strategy.

      • Momma M

        Dear Johns,

        It’s most appropriate to question both Obama and Holder over these issues. Is Obama not the President? Did he not select his cabinet? And does his cabinet act under his direction?
        The bill in question blatantly includes racially discrimitive language. It isolates a portion of our citizenship, tweaking the law in favor of one group over another.
        Have we heard a word from either Obama or Holder addressing this blatant language? No, we have not.

        Silence does not address the issue.

        Momma

  • Momma M

    Someone needs to flush dirty (maxine)waters…..

  • ojfl

    Good for them. After the civil rights act discrimination is a crime and should not be institutionalized in legislation.

  • jonavark

    God. If this isn’t just a posturing move I applaud the CRC. I watched this guy in action many years ago. I recall he was a fair player and stood up to the racist woman who used to be in charge.

    California made racial quotas illegal with respect to Government Contracts so I don’t think this would wash here anyway. Although , in California laws voted in by the voters don’t mean that much

    Thank you CRC!!

  • jayman

    A system that can allow a brain dead, racist, moonbat,Congresswoman from South Central L.A. to slip a racist hiring quota amendment into so-called Financial reform legislation, almost without anyone noticing or saying anything, has some serious problems. Especially at a time when we are suffering through the disaster that is our first “Affirmative Action” President is causing.

  • emem

    And yet, the elected officials, who haven’t read the bill, will pass it anyway.

  • libertyatstake

    MLK would be proud. Will Senate RINOs pick up on this principled act and vow not to cast a vote for quotas?

    http://libertyatstake.blogspot.com/
    [For a light hearted take on our present peril]