Diversity and Inclusion Data Accountability and Transparency Act of 2024
Latest Action
Referred to the House Committee on Financial Services.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™The Diversity and Inclusion Data Accountability and Transparency Act of 2024 (H.R. 10354) is a bill introduced in the 118th Congress aimed at enhancing accountability and transparency in diversity and inclusion data within the financial sector. Although the official summary and full text are not available, the bill's title and policy area suggest it focuses on improving how diversity and inclusion metrics are collected, reported, and used in financial services. The bill was referred to the House Committee on Financial Services but ultimately failed or expired without further legislative action.
H.R. 10354 sought to improve transparency and accountability regarding diversity and inclusion data in the financial sector but did not advance beyond committee referral and expired in the 118th Congress.
- The bill addresses diversity and inclusion data accountability and transparency specifically within the finance and financial sector.
- It was introduced in the House and referred to the House Committee on Financial Services on December 11, 2024.
- The bill did not progress past committee and is currently listed as failed or expired.
['Financial sector organizations subject to diversity and inclusion data reporting', 'Regulatory agencies overseeing financial institutions', 'Stakeholders interested in diversity and inclusion metrics within finance, including employees and advocacy groups']
['Lack of available full bill text limits understanding of specific implementation requirements and enforcement mechanisms', 'Potential costs and administrative burdens on financial institutions to collect and report detailed diversity data', 'Oversight and authority details are unclear due to missing text, which may affect enforcement and accountability']
The bill was introduced during the 118th Congress and referred to the House Committee on Financial Services, a key committee for financial regulatory matters. Its failure to advance suggests limited legislative momentum or competing priorities within the committee or chamber. The focus on diversity and inclusion data aligns with ongoing policy discussions about equity and transparency in the financial sector.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
["Improved diversity and inclusion data transparency could influence financial institutions' hiring and reporting practices.", 'Enhanced data accountability may increase public trust or scrutiny of financial sector diversity efforts.', 'Potential administrative costs for compliance could impact smaller financial institutions disproportionately.']
Due to the lack of an official summary and full bill text, transparency about the bill's specific provisions, enforcement mechanisms, and funding is limited. This restricts a comprehensive evaluation of its potential impacts and oversight requirements. Monitoring future similar legislation should include attention to detailed data standards, agency roles, and cost implications.
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