David Bahnsen, founder and managing partner of the Bahnsen Group, joins The Big Money Show to talk about companies reversing course on DEI and ESG investing, UFC CEO Dana White joining the Meta board and the California wildfires.
the president Donald Trump signed an executive order on Monday to end diversity, equity and inclusion (DEI) programs in the federal government, and the Federal Communications Commission (FCC) on Tuesday implemented the directive after a change in presidential administrations.
FCC Chairman Brendan Carr said in a post on X that he would “end the FCC's promotion of DEI and focus our work on properly fulfilling the FCC's statutory mission.” Carr added that the FCC will no longer include DEI enhancements in the agency's strategic plans.
Carr explained the reason for terminating the agency DEI program A statement released by the FCC said: “The promotion of obscene forms of discrimination violates the Communications Act and deprives Americans of their rights to fair and equal treatment under the law.
“It also represents a waste of taxpayer resources. Nevertheless, the FCC joined other private and public sector entities in promoting discriminatory DEI policies during the Biden administration. Rulemaking and many other components of its official work.”
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FCC Chairman Brendan Carr announced the end of the agency's DEI programs a day after Trump took office. (Jonathan Newton/Pool/AFP via Getty Images/Getty Images)
“Yesterday, President Trump “President Trump's leadership in this area will have great results for the American people as the agencies act on it,” Carr wrote in a statement released by the FCC. by his executive order.”
Among the DEI initiatives Carr touts at the FCC is upgrading it in the agency's strategic plan, which lists DEI upgrades as the regulator's second-highest strategic priority.
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The FCC had several DEI plans to eliminate or rescind after the Trump administration took office. (Andrew Harr/Bloomberg via Getty Images/Getty Images)
during Biden administrationthe FCC also announced in its annual budget requests to Congress that it would use appropriated funds for DEI upgrades, which will now be removed from future requests.
this DEI FCC Advisory Group And an interagency group known as the Digital Discrimination Task Force will also be disbanded.
In addition, the FCC's Equity Action Program would be repealed and the directive requiring FCC advisory committees to promote DEI would be rescinded.
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DEI will also be removed from the FCC's annual performance plans, along with its economic reports.