The bill wants to change the rules about who can be a special kind of investor called an "accredited investor," letting people with approved badges or certificates join, if they show they know a lot about money. It also says these badges should be checked regularly to keep them up to date and make sure these investors are really good with money.

H. R. 5535 is a proposed law that says government agencies can't get information directly from insurance companies; instead, they have to try to get it from other places first, like other government offices. The bill also makes sure any private information shared stays secret.

The bill wants companies who are already being watched by special financial rules to share important information so that offices focusing on helping women and minority groups can do their jobs better. But there are worries about how much information should be shared and how it will be used.

The bill wants big companies with 100 or more workers to give information to special offices so they can help make sure there are lots of different kinds of people working in the financial world, like women and people from various backgrounds.