Establishes the diversity in investment act requiring certain venture capital companies to report diversity information about its funding.

The bill establishes the diversity in investment act, which requires certain venture capital companies to report diversity information about their funding determinations. These companies must submit reports to the secretary of state, which will make the reports available to the public. The reports must include demographic information about the founding teams of businesses that received funding. Failure to comply with the reporting requirements can result in penalties.

Establishes the diversity in investment act requiring certain venture capital companies to report diversity information about its funding.

The bill establishes the diversity in investment act, which requires certain venture capital companies to report diversity information about their funding determinations. These companies must submit reports to the secretary of state, which will make the reports available to the public. The reports must include demographic information about the founding teams of businesses that received funding. Failure to comply with the reporting requirements can result in penalties.