PRIDE Act of 2026
- Bill Number
- H.R. 9309
- Origin Chamber
- House
- Congress
- 119th Congress, Session 2
- Policy Area
- Finance and Financial Sector
- Status
- Introduced
- Latest Action
- 2026-06-11: Referred to the House Committee on Financial Services.
- Last Updated
- 2026-07-09T19:06:13Z
AI-Generated Summary
Purpose
The legislation aims to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act by expanding existing offices focused on minority and women inclusion to also cover LGBTQI+ inclusion in financial regulatory agencies and related programs.
Key Provisions
- Short Title: The bill is named the "Promoting Responsive Inclusion and Diverse Engagement Act of 2026" or "PRIDE Act of 2026."
- Office Renaming and Scope Expansion: It renames the "Office of Minority and Women Inclusion" to the "Office of Minority, Women, and LGBTQI+ Inclusion" in the Dodd-Frank Act and related laws.
- Updated Terminology: Replaces references to "and women" or "and women-owned" with ", women, and LGBTQI+" or ", women-owned, and LGBTQI+-owned" throughout relevant sections.
- Specific Additions:
- In hiring and diversity efforts, includes "gender identity and sexual orientation" alongside existing factors.
- Directs offices to address LGBTQI+ individuals in assessments of workforce diversity, contracting, and outreach.
- New Definitions: Adds terms for "LGBTQI+" (lesbian, gay, bisexual, transgender, queer, or intersex) and "LGBTQI+-owned business" (a business where more than 50% ownership, control, or net profit/loss accrues to one or more LGBTQI+ individuals).
- Conforming Amendments: Updates similar provisions in the Housing and Community Development Act of 1992 and the table of contents in the Dodd-Frank Act.
- Technical Correction: Amends a prior law (Federal Housing Finance Regulatory Reform Act of 2008) to remove an outdated paragraph.
Significant Changes to Existing Law
- Broadens the original focus of Section 342 of the Dodd-Frank Act from minorities and women to explicitly include LGBTQI+ categories in agency operations.
- Introduces new requirements for tracking and promoting inclusion of LGBTQI+ individuals and businesses in areas like employment, procurement, and supplier diversity.
- Extends these updates to other statutes, creating consistent language across multiple federal housing and financial laws.
Potential Impacts
- On Government Agencies: Requires financial regulators and related entities (such as those overseeing housing finance) to expand their diversity offices, reporting, and programs to address LGBTQI+ inclusion, potentially increasing administrative responsibilities.
- On Citizens and Businesses: May lead to greater consideration of LGBTQI+-owned businesses in federal contracting and outreach, alongside existing minority- and women-owned categories.
- On International Relations: No direct provisions address international matters.
Main Stakeholders Affected
- Federal agencies under the Dodd-Frank Act, including those handling consumer protection and financial stability.
- Minority, women, and LGBTQI+ individuals, as well as businesses owned by these groups.
- Members of Congress and legislative committees involved in financial services oversight.
Notable Legal, Constitutional, or Political Implications
- The bill expands statutory definitions and categories for diversity initiatives, which could affect how agencies interpret and apply equal opportunity requirements in existing laws.
- It includes conforming changes that align multiple pieces of legislation, potentially streamlining but also broadening compliance obligations for covered entities.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Rep. Williams, Nikema [D-GA-5]
Cosponsors (15)
Rep. Takano, Mark [D-CA-39], Rep. Tlaib, Rashida [D-MI-12], Rep. Titus, Dina [D-NV-1], Rep. Espaillat, Adriano [D-NY-13], Rep. Johnson, Henry C. "Hank" [D-GA-4], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. García, Jesús G. "Chuy" [D-IL-4], Rep. Krishnamoorthi, Raja [D-IL-8], Rep. Goldman, Daniel S. [D-NY-10], Rep. Kelly, Robin L. [D-IL-2], Rep. Carbajal, Salud O. [D-CA-24], Rep. Torres, Ritchie [D-NY-15], Rep. Lynch, Stephen F. [D-MA-8], Rep. Kamlager-Dove, Sydney [D-CA-37], Rep. Carson, André [D-IN-7]
Recent Actions
- 2026-06-11: Referred to the House Committee on Financial Services.
- 2026-06-11: Introduced in House
- 2026-06-11: Introduced in House
Bill Versions
- Promoting Responsive Inclusion and Diverse Engagement Act of 2026 — issued 2026-06-11 — PDF (6 pages)