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SENATE 536115th CongressCommittee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-406.

Cybersecurity Disclosure Act of 2017

Last Action
6/28/2018

Actions

  • 2018-06-28Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-406.
  • 2018-05-24Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-307.
  • 2017-09-12Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-95.
  • 2017-03-07Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1641-1642)
  • 2017-03-07Introduced in Senate

CRS Summary

As of 2017-03-07 (00)

Cybersecurity Disclosure Act of 2017

This bill directs the Securities and Exchange Commission (SEC) to issue final rules requiring a registered issuer to:

  • disclose in its mandatory annual report or annual proxy statement whether any member of its governing body has expertise or experience in cybersecurity, including details necessary to describe fully the nature of that expertise or experience; and
  • if no member has such expertise or experience, describe what other company cybersecurity steps were taken into account by the persons responsible for identifying and evaluating nominees for the governing body.

The SEC shall, in coordination with the National Institute of Standards and Technology, define what constitutes expertise or experience in cybersecurity.

Cosponsors (5)

  • Susan Collins (R-ME)
  • Mark Warner (D-VA)
  • JOHN MCCAIN (R-AZ)
  • John Kennedy (R-LA)
  • Doug Jones (D-AL)

Subjects

  • Administrative law and regulatory procedures
  • Computer security and identity theft
  • Financial services and investments
  • Government information and archives
  • Securities
  • Securities and Exchange Commission (SEC)
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.