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Racial Equity Audits for Companies and Community Funding

This act mandates large companies to conduct racial equity audits, assessing their practices and any ties to slavery. These companies must publish their audit reports. Additionally, the act establishes a new office within the Treasury Department to provide grants and financial support for Black communities.
Key points
Large companies (over 100 employees) must conduct independent racial equity, diversity, and inclusion audits every two years.
Companies must disclose any ties to slavery and the steps taken for reconciliation.
Audit reports will be publicly available, including on company websites.
Failure to report or providing false information will result in a $20,000 daily fine.
An Office of Reparations Programs will be established to provide grants for Black communities' startup capital and savings programs.
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Status: Expired
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Additional Information
Print number: 117_HR_9437
Sponsor: Rep. Green, Al [D-TX-9]
Process start date: 2022-12-06
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Securities and Exchange Atonement Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9437.

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 2022-12-06.

What are the main provisions?

Key points include:

  • Large companies (over 100 employees) must conduct independent racial equity, diversity, and inclusion audits every two years.
  • Companies must disclose any ties to slavery and the steps taken for reconciliation.
  • Audit reports will be publicly available, including on company websites.
  • Failure to report or providing false information will result in a $20,000 daily fine.
  • An Office of Reparations Programs will be established to provide grants for Black communities' startup capital and savings programs.
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. Green, Al [D-TX-9].

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.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Courts and Law