New Reporting Requirements for Large Financial Entities

Where This Stands

Introduced

Committee

Floor Vote

Passed

Signed

Currently IN_COMMITTEE. The next step in the legislative lifecycle is Floor Vote.

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

The Frame

What this does

Financial institutions with 100+ employees will face new mandatory data-sharing obligations with federal regulators, potentially increasing administrative compliance costs and changing how these firms report diversity and inclusion metrics.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Financial entities with 100+ employees

These entities are required to provide data to federal Offices of Women and Minority Inclusion upon request.

Offices of Women and Minority Inclusion

These offices gain new authority to require information from regulated entities to fulfill their duties.

What changed

Current stage: IN_COMMITTEE.

What's next

Floor Vote.

Background

The Dodd-Frank Act, enacted in 2010, established Offices of Women and Minority Inclusion within various federal financial regulatory agencies to promote diversity in management and business activities. context

Summary

This bill requires financial companies with 100 or more employees to provide data to federal Offices of Women and Minority Inclusion to help them perform their oversight duties. It amends the existing to grant these offices new authority to collect information from .

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Which companies are affected by this bill?

Any entity regulated by an agency with an Office of Women and Minority Inclusion that has 100 or more employees.

What information must companies provide?

Companies must provide any information deemed necessary by the Director of the Office of Women and Minority Inclusion to carry out their official duties.

Why It Matters

Financial institutions with 100+ employees will face new mandatory data-sharing obligations with federal regulators, potentially increasing administrative compliance costs and changing how these firms report diversity and inclusion metrics.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Related Legislation

Federal Bill85% related

Consumer Product Sanity Act (H.R. 10434)

This bill limits the Consumer Product Safety Commission's (CPSC) ability to create new mandatory safety rules by requiring them to align with existing

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Expansion of Regulatory Oversight

The bill shifts from voluntary or limited data collection to a mandatory disclosure requirement for entities meeting a specific employee headcount threshold.

Offices of Women and Minority Inclusion

Connected Entities

organizationOffices of Women and Minority Inclusion“Recipient of required data”Map →

personDirector“Director of the Offices of Women and Minority Inclusion”Map →

personMrs. Beatty“Sponsor of the bill”Map →

personMr. Garcia of Illinois“Co-sponsor of the bill”Map →

bill_number10354“Bill number”Map →

bill_numberDodd-Frank Wall Street Reform and Consumer Protection Act“The Act being amended”Map →

personMs. Williams of Georgia“Co-sponsor of the bill”Map →

bill_number12 U.S.C. 5452(b)“Section of the Dodd-Frank Act being amended”Map →

Analysis Score

0–100

Significance65
How much this matters to a regular citizen
Controversy40
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz25
Current news / social attention level