Referred to the House Committee on Financial Services.
Requires the Secretary of the Treasury to produce, within one year, an unclassified report (with optional classified annex) on public-private coordination in preventing and responding to ransomware attacks on financial institutions. The report must assess current coordination, interagency information sharing and timeliness, utility of reported information, reporting requirements, reasons for delayed reporting by institutions, and recommend policy initiatives; Treasury must brief relevant congressional committees within 15 months.
Libs emphasize transparency and privacy safeguards; conservatives prioritize limited federal intrusion
Relative to its intended legislative type, this bill is a well-specified reporting mandate: it clearly defines the subject matter, deliverables, timeline, and recipients and enumerates the topics the report must address.
Requires the Secretary of the Treasury to produce, within one year, an unclassified report (with optional classified annex) on public-private coordination in preventing and responding to ransomware attacks on financial institutions.
The report must assess current coordination, interagency information sharing and timeliness, utility of reported information, reporting requirements, reasons for delayed reporting by institutions, and recommend policy initiatives; Treasury must brief relevant congressional committees within 15 months.
Short, technical oversight bills on cybersecurity historically clear committees and pass; limited fiscal impact reduces barriers.
Relative to its intended legislative type, this bill is a well-specified reporting mandate: it clearly defines the subject matter, deliverables, timeline, and recipients and enumerates the topics the report must address. It leaves methodological, resource, and interagency-compulsion details to the executive branch.
Libs emphasize transparency and privacy safeguards; conservatives prioritize limited federal intrusion
These are examples from the analysis, not a ranked list of the most-affected groups.
Libs emphasize transparency and privacy safeguards; conservatives prioritize limited federal intrusion
Generally supportive: sees the report as a necessary oversight step to strengthen consumer protections and financial-system resilience.
Wants the report to produce concrete recommendations, transparency, and proposals for funding implementation.
Worried that classified annexes or vague recommendations could hide shortcomings or enable privacy-invading data sharing.
Generally favorable as a measured oversight and information-gathering exercise to inform policy.
Views the bill as a low-cost first step but expects clear cost estimates, role clarity, and metrics to avoid duplicative or open-ended mandates.
Wants the report to be actionable and to identify whether legislation is truly needed.
Cautious but broadly supportive on national-security grounds; values any step strengthening financial-system defenses.
Wary of downstream regulatory expansion, mandatory new reporting, or burdensome compliance costs for private firms.
Prefers preserving private-sector flexibility and protecting proprietary information.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Short, technical oversight bills on cybersecurity historically clear committees and pass; limited fiscal impact reduces barriers.
The bill has not accumulated any surfaced votes yet.
Libs emphasize transparency and privacy safeguards; conservatives prioritize limited federal intrusion
Short, technical oversight bills on cybersecurity historically clear committees and pass; limited fiscal impact reduces barriers.
Relative to its intended legislative type, this bill is a well-specified reporting mandate: it clearly defines the subject matter, deliverables, timeline, and recipients and enumerates the topics the report must address…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.