The Board of Governors and each Federal Reserve Bank established an Office of Minority and Women Inclusion (OMWI) in January 2011, pursuant to Section 342 of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd Frank). Dodd Frank also requires submission of an annual report to Congress discussing OMWI’s efforts to comply with Dodd Frank as it relates to contracting with qualified minority and women-owned businesses; assessing internal diversity and performing outreach to women and minorities; and assessing workforce diversity of contractors.