PRIDE Act of 2022

To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to expand the Offices of Minority and Women Inclusion to encompass LGBTQ+ inclusion, and for other purposes. 1. Short title This Act may be cited as the Promoting Responsive Inclusion and Diverse Engagement Act of 2022 PRIDE Act of 2022 2. Expanding the Offices of Minority and Women Inclusion to encompass LGBTQ+ inclusion (a) In general Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5452 (1) in the heading, by striking AND WOMEN , WOMEN, AND LGBTQ+ (2) by striking Office of Minority and Women Inclusion Office of Minority, Women, and LGBTQ+ Inclusion (3) by striking and women-owned , women-owned, and LGBTQ+-owned (4) in subsection (b)(2)(A), by striking and gender gender, gender identity, and sexual orientation (5) in subsection (c)— (A) in paragraph (1), by inserting LGBTQ+, women, (B) in paragraph (2), by striking and minorities , minorities, and LGBTQ+ individuals (C) in paragraph (3)(A), by striking and women , women, and LGBTQ+ individuals (6) in subsection (e)— (A) in paragraph (3), by striking and women , women, and LGBTQ+ (B) in paragraph (4), by striking and women , women, and LGBTQ+ individuals (7) in subsection (f), by striking and women , women, and LGBTQ+ individuals (8) in subsection (g), by adding at the end the following: (7) LGBTQ+ The term LGBTQ+ (8) LGBTQ+-owned business The term LGBTQ+-owned business (A) more than 50 percent of the ownership or control of which is held by 1 or more LGBTQ+ individuals; and (B) more than 50 percent of the net profit or loss of which accrues to 1 or more LGBTQ+ individuals. . (b) Conforming amendments (1) Dodd-Frank Wall Street Reform and Consumer Protection Act The Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5301 et seq. (A) in the table of contents in section 1(b), in the item relating to section 342, by striking AND WOMEN , WOMEN, AND LGBTQ+ (B) in section 1016(c)(9), by striking Office of Minority and Women Inclusion Office of Minority, Women, and LGBTQ+ Inclusion (2) Housing and Community Development Act of 1992 Section 1319A of the Housing and Community Development Act of 1992 ( 12 U.S.C. 4520 (A) by striking Office of Minority and Women Inclusion Office of Minority, Women, and LGBTQ+ Inclusion (B) in subsection (b), by striking and women, and minority- and women-owned , women, and LGBTQ+ individuals, and minority-, women-, and LGBTQ+-owned (C) in subsection (e), by striking and women and businesses owned by minorities and women , women, and LGBTQ+ individuals and businesses owned by minorities, women, and LGBTQ+ individuals (D) in subsection (f)— (i) in paragraph (2), by striking and people of color , people of color, and LGBTQ+ individuals (ii) in paragraph (3), by striking and women to place talented young minorities and women , women, and LGBTQ+ individuals to place talented young minorities, women, and LGBTQ+ individuals

Summary: Promoting Responsive Inclusion and Diverse Engagement Act of 2022 or the PRIDE Act of 2022 This bill requires federal banking and finance agencies to expand the efforts of their existing Offices of Minority and Women Inclusion to include individuals who are lesbian, gay, bisexual, transgender, queer, and other related identities. These offices are responsible for all matters related to such diversity in management, employment, and business activities.