US HB4925

Covered issuers (companies with more than 100 employees or capitalization of $300 million+) must conduct independent racial equity audits every 2 years, assessing civil rights policies, diversity practices, and any historical ties to slavery

Companies with identified ties to slavery must disclose reconciliation steps taken or planned, which may include startup capital for low-income communities, grants to HBCUs, and contributions to historically Black tax-exempt organizations

SEC fines of $20,000 per day for covered issuers and $2,000 per day for individual employees/officers who fail to file required reports or submit false information; whistleblowers receive minimum $20,000 awards

Fines collected split evenly between Treasury's Office of Minority Low to Moderate Income Programs and HUD for housing counseling, homebuyer assistance, eviction/foreclosure assistance, affordable housing production, and Housing Choice Vouchers

Establishes Office of Minority Low to Moderate Income Programs within Treasury with $3 billion authorization to provide grants for startup capital and savings programs in minority low-to-moderate income communities