PRIDE Act of 2024

Bill: 118-hr-9989
Sponsor: full_name: Rep. Williams, Nikema [D-GA-5]
Introduced: 2024-10-11
Policy area: Finance and Financial Sector
Latest action: action_date: 2024-10-11
text: Referred to the House Committee on Financial Services.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 9989 IN THE HOUSE OF REPRESENTATIVES October 11, 2024 Ms. Williams of Georgia (for herself, Ms. Norton , Ms. Dean of Pennsylvania , Mr. Takano , and Mr. Grijalva ) introduced the following bill; which was referred to the Committee on Financial Services A BILL 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 2024 or the PRIDE Act of 2024 . 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 ) is amended— (1) in the heading, by striking AND WOMEN and inserting , WOMEN, AND LGBTQ+ ; (2) by striking Office of Minority and Women Inclusion each place such term appears in heading or text and inserting Office of Minority, Women, and LGBTQ+ Inclusion ; (3) by striking and women-owned each place such term appears and inserting , women-owned, and LGBTQ+-owned ; (4) in subsection (b)(2)(A), by striking and gender and inserting gender, gender identity, and sexual orientation ; (5) in subsection (c)— (A) in paragraph (1), by inserting LGBTQ+, after women, ; (B) in paragraph (2), by striking and minorities and inserting , minorities, and LGBTQ+ individuals ; and (C) in paragraph (3)(A), by striking and women and inserting , women, and LGBTQ+ individuals ; (6) in subsection (e)— (A) in paragraph (3), by striking and women and inserting , women, and LGBTQ+ ; and (B) in paragraph (4), by striking and women and inserting , women, and LGBTQ+ individuals ; (7) in subsection (f), by striking and women each place such term appears and inserting , women, and LGBTQ+ individuals ; and (8) in subsection (g), by adding at the end the following: (7) LGBTQ+ The term LGBTQ+ means lesbian, gay, bisexual, transgender, queer, and other identities that experience discrimination related to their sexual orientation or gender identity. (8) LGBTQ+-owned business The term LGBTQ+-owned business means a 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. ) is amended— (A) in the table of contents in section 1(b), in the item relating to section 342, by striking AND WOMEN and inserting , WOMEN, AND LGBTQ+ ; and (B) in section 1016(c)(9), by striking Office of Minority and Women Inclusion and inserting 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 ) is amended— (A) by striking Office of Minority and Women Inclusion each place such term appears in heading or text and inserting Office of Minority, Women, and LGBTQ+ Inclusion ; (B) in subsection (b), by striking and women, and minority- and women-owned and inserting , 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 and inserting , women, and LGBTQ+ individuals and businesses owned by minorities, women, and LGBTQ+ individuals ; and (D) in subsection (f)— (i) in paragraph (2), by striking and people of color and inserting , people of color, and LGBTQ+ individuals ; and (ii) in paragraph (3), by striking and women to place talented young minorities and women and inserting , women, and LGBTQ+ individuals to place talented young minorities, women, and LGBTQ+ individuals . (c) Technical correction Effective on the date of enactment of the Federal Housing Finance Regulatory Reform Act of 2008, section 1161(a) of such Act is amended by striking paragraph (2).