FDIC Law, Regulations, Related Acts
2000 - Rules and Regulations
PART 361MINORITY AND WOMEN OUTREACH PROGRAM
Why do minority- and women-owned businesses need this outreach
361.2 Why does the FDIC have this outreach program?
361.3 Who may participate in this outreach program?
361.4 What contracts are eligible for this outreach program?
361.5 What are the FDIC's oversight and monitoring responsibilities in administering this program?
361.6 What outreach efforts are included in this program?
AUTHORITY: 12 U.S.C. 1833e.
§ 361.1 Why do minority- and women-owned businesses need this outreach regulation?
(a) The purpose of the FDIC Minority and Women Outreach Program (MWOP) is to ensure that minority- and women-owned businesses (MWOBs) are given the opportunity to participate fully in all contracts entered into by the FDIC.
§ 361.2 Why does the FDIC have this outreach program?
It is the policy of the FDIC that minorities and women, and businesses owned by them have the maximum practicable opportunity to participate in contracts awarded by the FDIC.
§ 361.3 Who may participate in this outreach program?
For purposes of this part:
(a) Minority has the same meaning as defined by the Small Business Administration at 13 CFR 124.103(b).
(b) Legal Services means all services provided by attorneys or law firms (including services of support staff).
§ 361.4 What contracts are eligible for this outreach program?
The FDIC outreach program applies to all contracts entered into by the FDIC. The outreach program is incorporated into FDIC policies and guidelines governing contracting and the retention of legal services.
§ 361.5 What are the FDIC's oversight and monitoring responsibilities in administering this program?
(a) The FDIC Office of Minority and Women Inclusion (OMWI) has overall responsibility for nationwide outreach oversight, which includes, but is not limited to, the monitoring, review and interpretation of relevant regulations. In addition, the OMWI is responsible for providing the FDIC with technical assistance and guidance to facilitate the identification, registration, and solicitation of MWOBs.
(b) Each FDIC office that performs contracting or outreach activities will submit information to the OMWI on a quarterly basis, or upon request. Quarterly submissions will include, at a minimum, statistical information on contract awards and solicitations by designated demographic categories.
[Codified to 12 C.F.R. § 361.5]
[Section 361.5 amended at 80 Fed. Reg. 62445, October 16, 2015]
§ 361.6 What outreach efforts are included in this program?
(a) Each office engaged in contracting with the private sector will designate one or more MWOP coordinators. The coordinators will perform outreach activities for MWOP and act as liaison between the FDIC and the public on MWOP issues. On a quarterly basis, or as requested by the OMWI, the coordinators will report to the OMWI on their implementation of the outreach program.
(b) Outreach includes the identification and registration of MWOBs who can provide goods and services utilized by the FDIC. This includes distributing information concerning the MWOP.
(c) The identification of MWOBs for the provision of legal and non-legal services will primarily be accomplished by:
(1) Obtaining various lists and directories of MWOBs maintained by other federal, state, and local governmental agencies;
(2) Participating in conventions, seminars and professional meetings comprised of, or attended predominately by, MWOBs;
(3) Conducting seminars, meetings, workshops and other various functions to promote the identification and registration of MWOBs;
(4) Placing MWOP promotional advertisements indicating opportunities with the FDIC in minority- and women-owned media; and
(5) Monitoring to assure that FDIC staff interfacing with the contracting community are knowledgeable of, and actively promoting, the MWOP.
[Codified to 12 C.F.R. § 361.6]
[Section 361.6 amended at 80 Fed. Reg. 62445, October 16, 2015]