By Nick Goldstein, vice president of regulatory affairs & assistant general counsel, ARTBA
The Office of Management and Budget (OMB) is halting an Obama administration requirement to increase reporting requirements for many employers, including larger contractors working on federal-aid construction projects.
Currently, all private contractors with 100 or more employees working on such projects must report data reflecting the ethnicity, race, and gender of their employees through the “EEO-1” form. However, the Obama administration regulation also required those employers to report salary and number of hours worked for employees.
OMB announced Aug. 29 that it is withdrawing the rule because it “lack[s] practical utility, [is] unnecessarily burdensome, and do[es] not adequately address privacy and confidentiality issues.”
ARTBA is pleased OMB has decided to stay and review the EEO-1 revisions and will continue to monitor this issue.