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Expanding LGBTQ+ Inclusion in Financial Institutions

This act expands existing Offices of Minority and Women Inclusion within financial institutions to include LGBTQ+ matters. This means LGBTQ+ owned businesses and individuals will have greater opportunities for equal access to business and employment within the financial sector. The goal is to reduce discrimination and promote diversity.
Key points
Offices for minority and women inclusion in financial institutions will now also cover the inclusion of LGBTQ+ individuals and businesses.
The definition of employment discrimination will be expanded to include sexual orientation and gender identity.
Businesses with over 50% ownership or control by LGBTQ+ individuals will be recognized as LGBTQ+-owned, potentially opening new opportunities.
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Additional Information
Print number: 117_HR_6599
Sponsor: Rep. Williams, Nikema [D-GA-5]
Process start date: 2022-02-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

PRIDE Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6599.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-02-03.

What are the main provisions?

Key points include:

  • Offices for minority and women inclusion in financial institutions will now also cover the inclusion of LGBTQ+ individuals and businesses.
  • The definition of employment discrimination will be expanded to include sexual orientation and gender identity.
  • Businesses with over 50% ownership or control by LGBTQ+ individuals will be recognized as LGBTQ+-owned, potentially opening new opportunities.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Williams, Nikema [D-GA-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Courts and Law