[Federal Register Volume 87, Number 43 (Friday, March 4, 2022)]
[Notices]
[Page 12549]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-04539]


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DEPARTMENT OF THE TREASURY


Treasury Advisory Committee on Racial Equity

AGENCY: Department of the Treasury.

ACTION: Notice of establishment of the Treasury Advisory Committee on 
Racial Equity.

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SUMMARY: The Treasury Department has determined that it is in the 
public interest to establish the Treasury Advisory Committee on Racial 
Equity. A Charter for the Committee has been prepared and will be filed 
no earlier than 15 days following the date of publication of this 
notice.

FOR FURTHER INFORMATION CONTACT: Janis Bowdler, Counselor for Racial 
Equity, Department of the Treasury, (202) 622-3002, 
[email protected].

SUPPLEMENTARY INFORMATION: Pursuant to the Federal Advisory Committee 
Act (FACA) (5 U.S.C. App., as amended), the Department of the Treasury 
(``Department'') intends to establish the Treasury Advisory Committee 
on Racial Equity (``Committee''). The Department has determined that 
establishing this committee is necessary and in the public interest in 
order to carry out the provisions of Executive Order 13985, Advancing 
Racial Equity and Support for Underserved Communities Throughout the 
Federal Government.

Objectives and Duties

    The purpose of the Committee is to provide advice and 
recommendations to the Department of the Treasury to assist the Offices 
of the Secretary and Deputy Secretary in carrying out their duties and 
authorities towards advancing racial equity and addressing acute 
disparities for communities of color who have been historically 
underserved, marginalized, and adversely affected by persistent poverty 
and inequality.
    The Committee shall be a continuing advisory committee with an 
initial two-year term, subject to two-year re-authorizations at the 
discretion of the Secretary of the Treasury. The Committee will provide 
an opportunity for experts to offer their advice and recommendations to 
the Office of the Secretary on a regular basis on aspects of the 
domestic economy that have directly and indirectly resulted in 
unfavorable conditions for Black, Latino, and Indigenous and Native 
American persons, Asian Americans and Pacific Islanders and other 
persons of color. Topics to be addressed by the Committee may include, 
but are not limited to, financial inclusion, capital access, housing 
stability, federal government supplier diversity and economic 
development.
    The duties of the Committee shall be solely advisory and shall 
extend only to the submission of advice and recommendations to the 
Offices of the Secretary and Deputy Secretary, which shall be non-
binding to the Department. No determination of fact or policy shall be 
made by the Committee.

Membership

    In order to achieve a fairly balanced membership, the Committee 
shall include representatives from a wide range of views, such as the 
Federal government, financial services industry, state regulatory 
authorities, consumer or public advocacy organizations, community-based 
groups, academia, philanthropic organizations, as well as others 
focused on the advancement of equity priorities within the United 
States. Membership balance will not be static and may change, depending 
on the work of the Committee. The number of Committee members shall not 
exceed twenty-five.
    The Committee shall meet at such intervals as are necessary to 
carry out its duties. It is estimated that the Committee will generally 
meet four times per year, virtually or in person. Generally, Committee 
meetings are open to the public. Nominations for membership will be 
solicited in a subsequent notice in the Federal Register.

Janis Bowdler,
Counselor for Racial Equity.
[FR Doc. 2022-04539 Filed 3-3-22; 8:45 am]
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