Amends the Securities Act of 1933 to mandate racial equity audits and atonement for descendants of enslaved persons.

The bill amends the Securities Act of 1933 to require covered issuers to conduct independent racial equity audits every two years. These audits assess policies and practices on civil rights, equity, diversity, and inclusion within each line of business. The bill also mandates atonement for descendants of enslaved persons, including fines for non-compliance and whistleblower awards. Funds from fines are allocated to the Secretary of Housing and Urban Development and the Secretary of the Treasury for various housing and community programs.

Amends the Securities Act of 1933 to mandate racial equity audits and atonement for descendants of enslaved persons.

The bill amends the Securities Act of 1933 to require covered issuers to conduct independent racial equity audits every two years. These audits assess policies and practices on civil rights, equity, diversity, and inclusion within each line of business. The bill also mandates atonement for descendants of enslaved persons, including fines for non-compliance and whistleblower awards. Funds from fines are allocated to the Secretary of Housing and Urban Development and the Secretary of the Treasury for various housing and community programs.