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SENATE 513118th CongressSubmitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S6029; text: CR S6024)

A resolution recognizing December 17 as "Wright Brothers Day" and commemorating the 120th anniversary of the first powered flight.

Last Action
12/18/2023

Actions

  • 2023-02-16Read twice and referred to the Committee on Commerce, Science, and Transportation.
  • 2023-02-16Introduced in Senate

CRS Summary

As of 2023-02-16 (00)

Insure Cybersecurity Act of 2023

This bill requires the National Telecommunications and Information Administration (NTIA) to establish a working group on cyber insurance policies. These are policies that offer coverage for losses, damages, and costs incurred due to cyberattacks and related incidents.

The members of the working group must include representatives from the Cybersecurity and Infrastructure Security Agency, the National Institute of Standards and Technology, the Department of the Treasury, and the Department of Justice. The working group must address ways to improve customers' understanding of the technical and legal terms used in cyber insurance policies. This includes developing recommendations for (1) customers to effectively evaluate the types and levels of coverage offered under a policy; and (2) insurance issuers, agents, and brokers to communicate policy provisions in a manner that is easily understood by customers. Additionally, the working group must identify market constraints and other factors that limit the use of cyber insurance to respond to the risk of cyber incidents and recommend incentives and other means to encourage such use.

The working group terminates once it submits a report of its findings and recommendations to Congress.

The bill also requires the NTIA to make resources on cyber insurance, including recommendations of the working group, publicly available on its website.

Cosponsors (1)

  • Shelley Capito (R-WV)

Subjects

  • Advisory bodies
  • Computer security and identity theft
  • Computers and information technology
  • Congressional oversight
  • Consumer affairs
  • Government information and archives
  • Government studies and investigations
  • Insurance industry and regulation
  • Public-private cooperation
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.