Diversity and Inclusion Data Accountability and Transparency Act of 2024

This bill requires financial institutions with 100 or more employees to submit diversity and inclusion data to federal regulators. It amends the Dodd-Frank Act to mandate that agencies like the Federal Reserve collect specific information on workforce demographics and inclusion practices from covered entities. The key provision directs agency directors to establish requirements for these disclosures, focusing on transparency in corporate diversity reporting. This policy change directly affects large financial firms by creating a standardized data collection process for regulators.