To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to require regulated entities to provide information necessary for the Offices of Women and Minority Inclusion to carry out their duties, and for other purposes.
About This Bill
Committee
Latest Action · December 11, 2024
Referred to the House Committee on Financial Services.
This bill would require large regulated financial entities to provide diversity and inclusion data to federal offices tasked with monitoring such efforts. Specifically, companies with 100 or more employees that fall under federal financial regulation would be required to submit information as requested by the Director of each agency's Office of Women and Minority Inclusion. The legislation amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to give these offices the authority to demand such disclosures. The bill affects financial institutions and banks regulated by federal agencies and aims to improve transparency and accountability in diversity and inclusion practices across the financial sector. No specific funding or implementation timeline is mentioned in the legislation.
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