Maxine Waters May Raise Profile of Diversity, but Legislating Solution Will Be Difficult
Rianka contributes her thoughts to Investment News' article on Maxine Waters
A new congressional committee devoted to increasing the number of women and people of color in the financial industry will raise the profile of the issue, but a solution is more likely to come from firms than from Washington, according to diversity advocates.
The House Financial Services Subcommittee on Diversity and Inclusion, the first of its kind in Congress, was launched Wednesday during an organizational meeting of the full committee. The diversity panel is one of the priorities for the new chairwoman, Rep. Maxine Waters, D-Calif., who is the first African-American and woman to head the committee.