PRIDE Act of 2026

The PRIDE Act of 2026 expands the Office of Minority and Women Inclusion to include LGBTQI+ individuals and businesses. It amends existing financial and housing laws to require the office to consider gender identity and sexual orientation when enforcing regulations and supporting small businesses. The bill formally defines LGBTQI+ as lesbian, gay, bisexual, transgender, queer, or intersex and sets a standard where more than 50 percent of a business's ownership and profits must accrue to LGBTQI+ individuals to qualify as LGBTQI+-owned. This change directly affects the Department of the Treasury's oversight of financial institutions and the Small Business Administration's lending programs. By updating the legal definitions within the Dodd-Frank Act and related housing legislation, the bill ensures that federal support and compliance measures explicitly cover the LGBTQI+ community.