The PRIDE Act of 2024 expands existing federal diversity and inclusion offices to explicitly include LGBTQ+ individuals and businesses alongside minority and women-owned enterprises. The bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Housing and Community Development Act of 1992 to rename their "Offices of Minority and Women Inclusion" to "Offices of Minority, Women, and LGBTQ+ Inclusion" and integrates LGBTQ+ considerations throughout these offices' mandates. This affects federal financial regulators and housing agencies that oversee lending and business development programs, requiring them to track and promote diversity among LGBTQ+-owned businesses in addition to their existing responsibilities. The legislation does not authorize new funding but rather redirects existing office resources to broaden their inclusion efforts. The bill contains no specific timeline or implementation date beyond taking effect upon enactment.
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