This bill requires banks and financial companies regulated by federal agencies to provide diversity and inclusion data to their regulators' Offices of Women and Minority Inclusion. The legislation amends the Dodd-Frank Act to give these offices the authority to demand information from financial institutions necessary to monitor progress on workplace diversity and inclusion efforts. The bill affects all entities regulated by federal financial agencies, including banks, credit unions, and other financial institutions. No specific funding amounts or implementation timelines are included in the legislation, which was referred to the House Committee on Financial Services in December 2024.
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