; or (B) an equivalent position. (3) Duties The agency administrator of each covered agency, in consultation with the Director of the Office of the covered agency, shall develop standards for— (A) developing and overseeing the implementation of standards for— (i) equal employment opportunity and the racial, ethnic, and gender diversity of the workforce and senior management of the covered agency; (ii) increased participation of minority-led and women-led businesses in the programs and contracts of the covered agency, including standards for coordinating technical assistance to such businesses; and (iii) assessing the diversity policies and practices of entities receiving financial assistance from the covered agency, except that the agency administrator shall exempt small entities from the assessment, as determined to be appropriate by the agency administrator