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Bill

HR 9309

PRIDE Act of 2026

119th Congress Introduced by Salud Carbajal and 15 co-sponsors

Expands OMWI to explicitly include LGBTQI+ inclusion, requiring policies, reporting, and coordination to ensure LGBTQI+ participation in regulatory, procurement, and workforce prac

Introduced in House
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WeVote Research Nonpartisan
Bill Summary · HR 9309

Summary of HR 9309 (119th Congress)

Purpose and intent

  • HR 9309 aims to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to expand the Offices of Minority and Women Inclusion (OMWI) to explicitly include LGBTQI+ inclusion.
  • The bill seeks to broaden the scope of diversity and inclusion efforts within the federal financial regulatory framework, ensuring that LGBTQI+ individuals are represented and considered in outreach, assessment, and policy processes related to financial institutions and markets.

Key provisions and changes

  • Expansion of OMWI mandate: The bill would extend the existing authorities of the Offices of Minority and Women Inclusion (OMWI) within federal financial regulatory agencies to incorporate LGBTQI+ inclusion as a protected and prioritized category.
  • Inclusion criteria and guidance: The amendment would require agencies to develop and implement policies, programs, and guidance that address the participation and treatment of LGBTQI+ individuals in the financial sector, including procurement, employment, contracting, and workforce development practices.
  • Reporting and accountability: The proposal typically would entail enhanced reporting requirements to monitor LGBTQI+ diversity metrics within regulated institutions and within the agencies themselves, akin to existing minority- and women-inclusion reporting.
  • Coordination across agencies: The bill would encourage or mandate interagency coordination to share best practices and align LGBTQI+-inclusive standards across the federal financial regulatory system.
  • Protection and compliance: Provisions likely include mechanisms to address discrimination or inequitable practices affecting LGBTQI+ individuals in regulated entities or in agency programs, along with potential enforcement or corrective action avenues.

Who would be affected

  • Federal financial regulatory agencies (e.g., the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and related agencies) whose OMWI offices would be expanded to include LGBTQI+ inclusion.
  • Financial institutions and entities within the regulated universe that interact with OMWI requirements (e.g., through diversity data collection, supplier diversity, employment practices, and programmatic outreach).
  • LGBTQI+ individuals seeking representation and inclusion within the financial regulatory framework and related workforce and procurement activities.

Procedural and timeline aspects

  • Status: Introduced in the House and referred to the House Committee on Financial Services (as of 2026-06-11).
  • Sponsorship: Multiple co-sponsors from diverse districts, signaling bipartisan or cross-ideological interest in expanding inclusion efforts. Notable co-sponsors include Adriano Espaillat, Nikema Williams, Ritchie Torres, Dan Goldman, Dina Titus, Hank Johnson, Eleanor Holmes Norton, Salud Carbajal, Raja Krishnamoorthi, Robin Kelly, Mark Takano, Rashida Tlaib, and Chuy García.
  • Next steps: If advanced by the committee, the bill would proceed to full House consideration, potential amendments, and, if passed, move to the Senate for consideration. Timelines depend on committee calendars and legislative priorities.

Practical impact and considerations

  • Scope expansion could lead to more explicit inclusion of LGBTQI+ concerns in regulatory guidance, diversity reporting, and procurement practices associated with financial regulation.
  • Institutions regulated by OMWI programs may need to collect and report LGBTQI+-specific diversity data and implement targeted outreach or supplier-diversity initiatives.
  • The measure aligns with broader equity and inclusion objectives by formalizing LGBTQI+ participation within the framework that already governs minorities and women.

If you’d like, I can compare HR 9309 to existing Dodd-Frank OMWI provisions to highlight exact regulatory changes and potential implementation challenges.

Compiled from official sources — confirm details with the bill’s official record.

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