U.S. Treasury Secretary Janet Yellen on Monday said a new racial equity advisory committee, which has drawn the ire of Republican lawmakers, would play a big role in helping the department address acute economic disparities faced by communities of color.
Treasury Advisory Committee on Racial Equity
that the Biden administration remained focused on ensuring that disadvantaged communities were no longer left behind in the U.S. economy. COVID-19 recovery spending and major investments planned under laws enacted to boost spending on infrastructure, combat climate change and encourage domestic production of semiconductors offered a "transformative opportunity to advance economic fairness," she said in a text of her prepared remarks.
"The Treasury Advisory Committee on Racial Equity will play a major role in our effort," she said. "Over the coming months, you will inform our policymaking in areas from tax fairness and capital delivery systems to Treasury's internal efforts to reflect America's diversity in our workforce." Yellen in 2021 named Janis Bowdler, a Latina activist and former head of the philanthropic arm of JPMorgan Chase & Co
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