A joint resolution 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.

12/15/2023, 4:05 PM

Summary of Bill SJRES 50

Bill 118 SJRes 50 is a joint resolution that aims to disapprove of a rule submitted by the Securities and Exchange Commission (SEC) regarding cybersecurity risk management, strategy, governance, and incident disclosure. The rule in question is related to how companies should handle and disclose information about cybersecurity risks and incidents.

The resolution falls under chapter 8 of title 5 of the United States Code, which allows Congress to review and potentially overturn regulations put forth by federal agencies. In this case, Congress is seeking to disapprove of the SEC's rule on cybersecurity, which outlines guidelines for companies on how to manage and disclose cybersecurity risks.

The resolution is non-partisan and aims to provide oversight and accountability in the realm of cybersecurity. It is important for companies to have clear guidelines on how to handle cybersecurity risks and incidents, as these issues can have significant impacts on their operations and the broader economy. Overall, Bill 118 SJRes 50 is a measure aimed at ensuring that companies are properly managing and disclosing cybersecurity risks, in order to protect both themselves and the public from potential cyber threats.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill SJRES 50

Bill SJRES 50 is currently in the status of Bill Introduced since November 9, 2023. Bill SJRES 50 was introduced during Congress 118 and was introduced to the Senate on November 9, 2023. Bill SJRES 50's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of November 9, 2023

Bipartisan Support of Bill SJRES 50

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill SJRES 50

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill SJRES 50

A joint resolution 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.A joint resolution 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.

Start holding our government accountable!