Sponsors (17)
Expands federal diversity statutes to add sexual orientation and gender identity and to recognize LGBTQI+-owned businesses, renaming offices to include LGBTQI+.
The bill formally extends federal recognition, procurement opportunities, and reporting for LGBTQI+ inclusion—improving representation and data—while imposing new compliance costs, definitional hurdles for certification, and risk of legal or political challenges.
LGBTQI+ individuals gain explicit inclusion in federal diversity and nondiscrimination programs, increasing formal recognition and strengthening protections and representation in federal initiatives.
LGBTQI+-owned small businesses gain eligibility for federal procurement recognition and supplier-diversity reporting, improving visibility and potentially increasing access to federal contracting and procurement opportunities.
Federal agencies and regulated entities must report on LGBTQI+ inclusion, producing better data and transparency to inform enforcement, program design, and public oversight.
Banks, housing entities, and other regulated organizations will face expanded reporting and compliance obligations, increasing administrative burdens and operational costs that may be passed on to customers or tenants.
Small businesses seeking 'LGBTQI+-owned' certification may encounter disputes and additional compliance complexity because of majority-ownership/control and profit-allocation thresholds in the definition.
Regulated entities and LGBTQI+ communities could face legal or political challenges to the statute's renaming and expansions, creating implementation delays and uncertainty about enforcement.
Based on analysis of 2 sections of legislative text.
Official title: To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to expand the Offices of Minority and Women Inclusion to encompass LGBTQI+ inclusion, and for other purposes.
Introduced June 11, 2026 by Nikema Williams · Last progress June 11, 2026
Adds sexual orientation and gender identity to several federal diversity and inclusion statutes and renames covered offices to explicitly include LGBTQI+ individuals and businesses. The bill updates definitions, reporting and inclusion language across financial-sector diversity rules and certain housing/Community Development provisions to cover LGBTQI+ persons and LGBTQI+-owned businesses. The changes rename and revise existing Offices of Minority and Women Inclusion to include LGBTQI+; add statutory definitions for “LGBTQI+” and “LGBTQI+-owned business;” and make a technical correction to a prior housing finance provision. No new funding or program authorizations are created — the measure amends existing statutory language to expand covered populations and ownership categories.