PRIDE Act of 2024

The PRIDE Act of 2024 amends the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Housing and Community Development Act of 1992 to expand the scope of existing inclusion offices. It updates titles, definitions, and provisions to explicitly include LGBTQ+ individuals and businesses, changing "Office of Minority and Women Inclusion" to "Office of Minority, Women, and LGBTQ+ Inclusion" and defining "LGBTQ+-owned business" as one where over 50% ownership, control, and net profit accrues to LGBTQ+ individuals. This affects financial institutions and housing programs subject to these laws by requiring them to consider LGBTQ+ inclusion in their diversity efforts. The bill makes technical updates to existing frameworks rather than creating new programs or funding.