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H.Con.Res. 429: Recognizing the low presence of minorities in the financial services industry and minorities and women in upper level positions of management, and expressing the sense of the Congress that active measures should be taken to increase the demographic diversity of the financial services industry.

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H.Con.Res. 429: Recognizing the low presence of minorities in the financial services industry and minorities and women in upper level positions of management, and expressing the sense of the Congress that active measures should be taken to increase the demographic diversity of the financial services industry.

109th Congress · introduced 2006-06-13 · Finance and Financial Sector · Latest: Referred to the Subcommittee on Education Reform.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2006-06-13 · official record
  2. Who proposed it: Rep. Meeks, Gregory W. [D-NY-6] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the Subcommittee on Education Reform. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Recognizing the low presence of minorities in the financial services industry and minorities and women in upper level positions of management, and expressing the sense of the Congress that active measures should be taken to increase the demographic diversity of the financial services industry.

Plain summary

Declares that Congress: (1) recognizes that minorities and women still face unique challenges entering into and obtaining upper level positions within the financial services industry; and (2) encourages financial institutions to take specified steps to increase participation of women and minorities in the industry. Expresses the sense of Congress that: (1) active measures should be taken by employers and educational institutions to increase the demographic diversity of the financial services industry; and (2) diversity within the financial services industry is vitally important not only to promoting innovation and creativity in the industry but to developing a more inclusive workforce for a fair and just economy.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

A Yea supports adopting this resolution.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Recognizing the low presence of minorities in the financial services industry and minorities and women in upper level positions of management, and expressing the sense of the Congress that active measures should be taken to increase the demographic diversity of the financial services industry.

Source: Congressional Research Service summary (Introduced in House)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Meeks, Gregory W. [D-NY-6] · 81 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Gwen Moore (D-WI), James E. Clyburn (D-SC), Bennie G. Thompson (D-MS), Danny K. Davis (D-IL), Emanuel Cleaver (D-MO), Maxine Waters (D-CA), Sanford D. Bishop, Jr. (D-GA), Betty McCollum (D-MN), Al Green (D-TX), Nydia M. Velázquez (D-NY), John B. Larson (D-CT), Robert C. "Bobby" Scott (D-VA) and 21 more.

Sponsor's campaign money: Rep. Meeks, Gregory W. [D-NY-6] reported raising $2.3 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)
Resolution
A formal statement or decision by a legislative body. Simple resolutions often only express an opinion or set rules for one chamber; they do not become law.
Roll-call vote
A vote where each member's position is recorded by name, so the public can see how every member voted. "Yea" means yes, "Nay" means no, "Present" means the member was there but did not take a side.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong109-hconres429 · catalog fed-us-congress-bills-cong109 · updated 2026-11-15 by psicol fed-bills-cong109