Protecting Small Business Information Act of 2023

Hozzl · 2023-12-13T05:15:44Z

Explore the details of Senate Bill 2623 Protecting Small Business Information Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/13/2023, 5:15 AM

Summary of Bill S 2623

Bill 118 s 2623, also known as the Protecting Small Business Information Act of 2023, aims to safeguard sensitive information of small businesses from potential cyber threats. The bill requires the Small Business Administration (SBA) to establish a program to provide cybersecurity training and resources to small businesses. This program will help small businesses better protect their data and prevent cyber attacks.

Additionally, the bill mandates that the SBA develop guidelines for small businesses to follow in order to enhance their cybersecurity measures. These guidelines will include best practices for securing sensitive information, such as customer data and financial records. The SBA will also be responsible for conducting outreach and education efforts to ensure that small businesses are aware of the resources available to them.

Furthermore, the bill requires the SBA to collaborate with other federal agencies, such as the Department of Homeland Security, to share information and coordinate efforts to protect small businesses from cyber threats. This collaboration will help ensure that small businesses have access to the most up-to-date information and resources to defend against cyber attacks. Overall, the Protecting Small Business Information Act of 2023 aims to strengthen the cybersecurity defenses of small businesses and reduce the risk of data breaches and cyber attacks. By providing training, resources, and guidelines, the bill seeks to empower small businesses to better protect their sensitive information and safeguard their operations.

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Current Status of Bill S 2623

Bill S 2623 is currently in the status of Bill Introduced since July 27, 2023. Bill S 2623 was introduced during Congress 118 and was introduced to the Senate on July 27, 2023. Bill S 2623's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of July 27, 2023

Bipartisan Support of Bill S 2623

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2623

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 2623

Protecting Small Business Information Act of 2023Protecting Small Business Information Act of 2023A bill to require the Secretary of the Treasury to harmonize the effective dates of all rules that the Secretary is required to issue under the Corporate Transparency Act, and for other purposes.

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