Diversity Data Accountability Act

Bill 118 hr 10283, also known as the "Dodd-Frank Wall Street Reform and Consumer Protection Act Amendment," aims to make changes to the original Dodd-Frank Act in order to ensure that regulated entities provide the necessary information for the Offices of Women and Minority Inclusion to effectively carry out their duties.

The Offices of Women and Minority Inclusion were established as part of the Dodd-Frank Act to promote diversity and inclusion within the financial industry. However, there have been concerns that these offices have not been able to fully carry out their responsibilities due to a lack of information from regulated entities.

This bill seeks to address this issue by requiring regulated entities to provide the Offices of Women and Minority Inclusion with the information they need to monitor and promote diversity and inclusion within the financial industry. This information may include data on the demographics of their workforce, diversity initiatives, and any barriers to diversity and inclusion that they have identified. Overall, the goal of this bill is to ensure that the Offices of Women and Minority Inclusion have the tools they need to effectively promote diversity and inclusion within the financial industry, ultimately leading to a more equitable and inclusive financial sector.