Diversity Data Accountability Act

The Diversity Data Accountability Act (HR 10283) amends the Dodd-Frank Act to require financial regulatory agencies to collect diversity data from banks and other institutions they oversee. This bill would directly affect large financial institutions subject to federal regulation, mandating them to provide diversity-related information to agency Directors. The key provision adds a new requirement for agencies to demand such data to fulfill their regulatory oversight duties. The bill does not specify exact diversity metrics (e.g., race, gender) but focuses on establishing a framework for collecting this information.