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Committee Detail

Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.

Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”


TRES - 84649 - Treasury Advisory Committee on Racial Equity - Agency Authority
Hide Section - GENERAL INFORMATION

GENERAL INFORMATION

Committee NameTreasury Advisory Committee on Racial EquityAgency NameDepartment of the Treasury
Fiscal Year2022Committee Number84649
Original Establishment Date3/22/2022Committee StatusChartered
Actual Termination Date Committee URL 
New Committee This FYYesPresidential Appointments*No
Terminated This FY Max Number of Members*25
Current Charter Date3/22/2022Designated Fed Officer Position Title*Deputy Director, Office of Civil Rights and Diversity
Date Of Renewal Charter3/22/2024Designated Federal Officer Prefix
Projected Termination Date Designated Federal Officer First Name*Snider
Exempt From Renewal*NoDesignated Federal Officer Middle Name
Specific Termination AuthorityDesignated Federal Officer Last Name*Page
Establishment Authority*Agency AuthorityDesignated Federal Officer Suffix
Specific Establishment Authority*EO 13985Designated Federal Officer Phone*(202) 622-0341
Effective Date Of Authority*1/20/2020Designated Federal Officer Fax*
Exempt From EO 13875 Discretionary CmteNot ApplicableDesignated Federal Officer Email*snider.page@treasury.gov
Committee Type*Continuing
Presidential*No
Committee Function*Non Scientific Program Advisory Board
Hide Section - RECOMMENDATION/JUSTIFICATIONS

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*Continue
Legislation to Terminate RequiredNo
Legislation StatusNot Applicable
How does cmte accomplish its purpose?*The purpose of the Committee is to provide advice and recommendations to the Department of the Treasury (“Department”) 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 will convene to identify, monitor, and review 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 of discussion may include, but not be limited to, financial inclusion, capital access, housing stability, federal government supplier diversity and economic development.
How is membership balanced?*The body of the Committee shall consist of up to 25 members. The groups/entities represented on the Committee in order to achieve a fairly balanced membership shall represent 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. The Committee may be composed of special government employees and representative members. However, membership balance is not static and may change, depending on the work of the Committee.
How frequent & relevant are cmte mtgs?*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.
Why advice can't be obtained elsewhere?*The Department considered multiple options for seeking input on how to advance its racial equity strategy and determined that a FACA committee would provide the most consistency and an opportunity for more in-depth analysis of racial equity issues than other options (such as ad hoc meetings with rotating groups of third-party stakeholders). A committee enables the Department to receive advice and recommendations from a broad swath of members who have a variety of relevant expertise and experience. The committee would also be able address inquiries the Department has received from Congress on the topic of racial equity.
Why close or partially close meetings?Meetings will be open.
Recommendation Remarks
Hide Section - PERFORMANCE MEASURES

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety* Action Reorganize Priorities* 
Outcome Trust In Government Action Reallocate Resources 
Outcome Major Policy Changes Action Issued New Regulations 
Outcome Advance In Scientific Research Action Proposed Legislation 
Outcome Effective Grant Making Action Approved Grants Or Other Payments 
Outcome Improved Service Delivery Action Other 
Outcome Increased Customer Satisfaction Action Comment
Outcome Implement Laws/Reg Requirements Grants Review* 
Outcome Other Number Of Grants Reviewed 
Outcome CommentNumber Of Grants Recommended 
Cost Savings* Dollar Value Of Grants Recommended 
Cost Savings CommentGrants Review Comment
Number Of Recommendations* Access Contact Designated Fed. Officer* 
Number Of Recommendations CommentAccess Agency Website 
% of Recs Fully Implemented* Access Committee Website 
% of Recs Fully Implemented CommentAccess GSA FACA Website 
% of Recs Partially Implemented* Access Publications 
% of Recs Partially Implemented CommentAccess Other 
Agency Feedback* Access Comment
Agency Feedback Comment*Narrative Description*
Hide Section - COSTS

COSTS

Payments to Non-Federal Members* Est Payments to Non-Fed Members Next FY* 
Payments to Federal Members* Est. Payments to Fed Members Next FY* 
Payments to Federal Staff*$48,778.00Estimated Payments to Federal Staff*$48,778.00
Payments to Consultants* Est. Payments to Consultants Next FY* 
Travel Reimb. For Non-Federal Members*$0.00Est Travel Reimb Non-Fed Members nextFY*$110,000.00
Travel Reimb. For Federal Members* Est Travel Reimb For Fed Members* 
Travel Reimb. For Federal Staff* Est. Travel Reimb to Fed Staff Next FY*$4,040.00
Travel Reimb. For Consultants* Est Travel Reimb to Consultants Next FY* 
Other Costs$2,000.00Est. Other Costs Next FY*$2,260.00
Total Costs$50,778.00Est. Total Next FY*$165,078.00
Date Cost Last Modified11/8/2022 11:25 AMEst. Fed Staff Support Next FY*0.50
Federal Staff Support (FTE)*0.50Est Cost RemarksFY 23 Member travel costs is estimated for 4 in-person meetings. Travel for federal employees, was the orientation for the Acting Director of the Equity Hub. Refreshments for Orientation were $452. Used the same estimate for the 4 in-person meetings. Est. Federal Salary is assumed to be consistent, while not standing up the committee, more work will be involved facilitating the work of the committee.
Cost RemarksFederal Salary costs are based on estimates of time individuals allocated to the standing up of TACRE  
Hide Section - Interest Areas

Interest Areas

No interest areas selected for this committee.
Hide Section - MEMBERS,MEETINGS AND ADVISORY REPORTS

MEMBERS,MEETINGS AND ADVISORY REPORTS

To View all the members, meetings and advisory reports for this committee please click here
Hide Section - CHARTERS AND RELATED DOCS

CHARTERS AND RELATED DOCS

No Documents Found