|
|
The Text of the Dodd-Frank Act
International Association of
Risk and Compliance Professionals (IARCP)
Dodd Frank Act Section 156
SEC. 156. TRANSITION OVERSIGHT.
(a) PURPOSE.—The purpose of this
section is to ensure that the Office—
(1) has an orderly
and organized startup;
(2) attracts and retains a qualified
workforce; and
(3) establishes comprehensive employee
training and benefits programs.
(b)
REPORTING REQUIREMENT.—
(1) IN
GENERAL.—The Office shall submit an annual report to the
Committee on Banking, Housing, and Urban Affairs of the Senate and
the Committee on Financial Services of the House of
Representatives that includes the plans described in paragraph
(2).
(2) PLANS.—The plans
described in this paragraph are as follows:
(A)
TRAINING AND WORKFORCE DEVELOPMENT PLAN.—
The Office shall submit a training and workforce development
plan that includes, to the extent practicable—
(i)
identification of skill and technical expertise needs and actions
taken to meet those requirements;
(ii) steps taken to
foster innovation and creativity;
(iii) leadership
development and succession planning; and
(iv) effective use
of technology by employees.
(B)
WORKPLACE FLEXIBILITY PLAN.—The Office shall submit a
workforce flexibility plan that includes, to the extent
practicable—
(i) telework;
(ii) flexible work
schedules;
(iii) phased retirement;
(iv) reemployed
annuitants;
(v) part-time work;
(vi) job sharing;
(vii) parental leave benefits and childcare assistance;
(viii) domestic partner benefits;
(ix) other workplace
flexibilities; or
(x) any combination of the items
described in clauses (i) through (ix).
(C)
RECRUITMENT AND RETENTION PLAN.—The
Office shall submit a recruitment and retention plan that
includes, to the extent practicable, provisions relating to—
(i) the steps necessary to target highly qualified applicant
pools with diverse backgrounds;
(ii) streamlined employment
application processes;
(iii) the provision of timely
notification of the status of employment applications to
applicants; and
(iv) the collection of information to
measure indicators of hiring effectiveness.
(c)
EXPIRATION.—The reporting requirement
under subsection
(b) shall terminate 5 years after the
date of enactment of this Act.
(d)
RULE OF CONSTRUCTION.—Nothing in this section may be
construed to affect—
(1) a collective bargaining agreement,
as that term is defined in section 7103(a)(8) of title 5, United
States Code, that is in effect on the date of enactment of this
Act; or
(2) the rights of employees under chapter 71 of
title 5, United States Code.
Return to Index
Return to the Table of Contents
Visit the
international Association of Risk and Compliance Professionals
(IARCP)
|
|
|
