Day One: Biden moves to combat racial inequity with executive action

• Biden's executive actions come at a time of heightened racial tension across the U.S. after scattered Black Lives Matter protests last year and the deadly siege on the U.S. Capitol by pro-Trump rioters on Jan. 6.

The big picture: A description of the executive action defines equity as "the consistent and systematic fair, just, and impartial treatment of all individuals, including individuals who belong to underserved communities."

• "Analysis suggests that closing racial gaps in wages, housing credit, lending opportunities, and access to higher education would amount to an additional $5 trillion in gross domestic product in the American economy over the next 5 years, and create millions of new jobs."
• "We are a nation founded on principles of equality and it is in the interest of everyone across the country that the government be intentional in ensuring that its policies reach all of us in an equitable way."

Biden's initiative will:

• Direct every federal agency to conduct a baseline internal review of the agency’s "state of equity."

• Launch a new equitable data working group to ensure federal data accurately reflects the nation.
• Task the Office of Management and Budget with allocating federal resources to communities of color.
• Improve engagement with and delivery of government services to underserved communities.

Susan Rice will head a “robust interagency process to hold the federal government accountable for advancing equity for families across America."

• The executive action also rescinds the Trump administration’s 1776 Commission, which “sought to erase America’s history of racial injustice,” as well as Trump’s order preventing federal agencies and contractors from holding diversity and inclusion trainings.

Go deeper: America's unfinished business