Establishes Department of Diversity, Equity, and Inclusion as principal department in Executive Branch and specifies functions, powers, and duties of department.

This bill creates a new principal department within New Jersey's Executive Branch called the Department of Diversity, Equity, and Inclusion. The department will be led by a Commissioner appointed by the Governor with Senate approval, who will have full-time responsibility for overseeing its operations. Key provisions include granting the Commissioner authority to hire staff, create internal divisions, make rules and regulations, manage contracts and grants, and coordinate activities to prevent duplication of efforts across state agencies. The legislation also allows the department to accept donations and grants from various sources to fund its work.