PRIDE Act of 2024

Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5452) is amended—

(1) in the heading, by striking AND WOMEN and inserting, WOMEN, AND LGBTQ+;

(2) by striking Office of Minority and Women Inclusion each place such term appears in heading or text and inserting Office of Minority, Women, and LGBTQ+ Inclusion;

(3) by striking and women-owned each place such term appears and inserting, women-owned, and LGBTQ+-owned;

(4) in subsection (b)(2)(A), by striking and gender and inserting gender, gender identity, and sexual orientation;

(5) in subsection (c)—

(A) in paragraph (1), by inserting LGBTQ+, after women,;

(B) in paragraph (2), by striking and minorities and inserting, minorities, and LGBTQ+ individuals; and

(C) in paragraph (3)(A), by striking and women and inserting, women, and LGBTQ+ individuals;

(6) in subsection (e)—

(A) in paragraph (3), by striking and women and inserting, women, and LGBTQ+; and

(B) in paragraph (4), by striking and women and inserting, women, and LGBTQ+ individuals;

(7) in subsection (f), by striking and women each place such term appears and inserting, women, and LGBTQ+ individuals; and

(8) in subsection (g), by adding at the end the following:

The term LGBTQ+ means lesbian, gay, bisexual, transgender, queer, and other identities that experience discrimination related to their sexual orientation or gender identity.

The term LGBTQ+-owned business means a business—

(A) more than 50 percent of the ownership or control of which is held by 1 or more LGBTQ+ individuals; and

(B) more than 50 percent of the net profit or loss of which accrues to 1 or more LGBTQ+ individuals.

The Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 et seq.) is amended—

(A) in the table of contents in section 1(b), in the item relating to section 342, by striking AND WOMEN and inserting, WOMEN, AND LGBTQ+; and

(B) in section 1016(c)(9), by striking Office of Minority and Women Inclusion and inserting Office of Minority, Women, and LGBTQ+ Inclusion.

Section 1319A of the Housing and Community Development Act of 1992 (12 U.S.C. 4520) is amended—

(A) by striking Office of Minority and Women Inclusion each place such term appears in heading or text and inserting Office of Minority, Women, and LGBTQ+ Inclusion;

(B) in subsection (b), by striking and women, and minority- and women-owned and inserting, women, and LGBTQ+ individuals, and minority-, women-, and LGBTQ+-owned;

(C) in subsection (e), by striking and women and businesses owned by minorities and women and inserting, women, and LGBTQ+ individuals and businesses owned by minorities, women, and LGBTQ+ individuals; and

(D) in subsection (f)—

(i) in paragraph (2), by striking and people of color and inserting, people of color, and LGBTQ+ individuals; and

(ii) in paragraph (3), by striking and women to place talented young minorities and women and inserting, women, and LGBTQ+ individuals to place talented young minorities, women, and LGBTQ+ individuals.

Effective on the date of enactment of the Federal Housing Finance Regulatory Reform Act of 2008, section 1161(a) of such Act is amended by striking paragraph (2).