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Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure".
11/14/2024, 10:26 PM
Summary of Bill HJRES 100
The rule in question focuses on cybersecurity risk management, strategy, governance, and incident disclosure. It requires companies to disclose information about their cybersecurity practices and incidents to the SEC and the public. The goal of the rule is to increase transparency and accountability in how companies handle cybersecurity threats.
However, some members of Congress believe that the rule is overly burdensome and could potentially harm businesses by requiring them to disclose sensitive information that could be exploited by cybercriminals. As a result, Bill 118 hjres 100 seeks to disapprove of the SEC's rule and prevent it from being implemented. The bill is currently being debated in Congress, with supporters arguing that it is necessary to protect businesses from unnecessary regulatory burdens, while opponents argue that it is important for companies to be transparent about their cybersecurity practices. The outcome of the bill remains uncertain, but it highlights the ongoing debate surrounding cybersecurity regulation in the United States.
Congressional Summary of HJRES 100
This joint resolution nullifies the final rule issued by the Securities and Exchange Commission titled Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure and published on August 4, 2023. The rule requires standardized disclosures from public companies regarding material cybersecurity incidents and standards and processes to manage cybersecurity risks.
Read the Full Bill
Current Status of Bill HJRES 100
Bipartisan Support of Bill HJRES 100
Total Number of Sponsors
2Democrat Sponsors
0Republican Sponsors
2Unaffiliated Sponsors
0Total Number of Cosponsors
12Democrat Cosponsors
0Republican Cosponsors
12Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HJRES 100
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
Alternate Title(s) of Bill HJRES 100
Comments

Vincenzo Adler
1 year ago
I support this decision.

Brynn O'Brien
1 year ago
Ugh, can't believe they're tryna pass this dumb bill disapproving the SEC rule on cybersecurity. Like, seriously? We need more protection, not less. This is gonna mess things up big time.

Eliseo Leach
1 year ago
I can't believe this bill is actually happening. It's going to mess things up for a lot of us. I don't know how it's going to affect me personally, but I'm not happy about it. #disappointed

Rebecca Schroeder
1 year ago
As an independent voter, I am deeply concerned about the implications of this bill on cybersecurity measures. It is crucial for companies to have strong risk management, strategy, governance, and incident disclosure protocols in place to protect sensitive information and prevent cyber attacks. By disapproving this rule, we are potentially putting our personal data at risk and opening the door to more cyber threats. How will this decision impact our cybersecurity in the short term?

Lila Merritt
1 year ago
I can't believe this bill is passing! It's just not right. This is going to mess everything up for us. It's not fair. They need to think about the people before they make decisions like this. It's going to cause a lot of problems for everyone.





