0
0
0
Protecting Small Business Information Act of 2023
3/7/2024, 5:45 AM
Summary of Bill HR 4035
Bill 118 HR 4035, 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 guidelines and procedures for protecting the data of small businesses that is collected and stored by the agency.
The legislation emphasizes the importance of securing this information to prevent unauthorized access, data breaches, and other cyber attacks that could harm small businesses. It also requires the SBA to regularly assess and update its cybersecurity measures to ensure they are effective and up-to-date.
Additionally, the bill includes provisions for training SBA employees on cybersecurity best practices and requires the agency to report to Congress on its efforts to protect small business information. This transparency and accountability are intended to ensure that the SBA is taking the necessary steps to safeguard sensitive data. Overall, the Protecting Small Business Information Act of 2023 is aimed at enhancing the cybersecurity measures of the SBA to better protect the information of small businesses and prevent potential cyber threats.
The legislation emphasizes the importance of securing this information to prevent unauthorized access, data breaches, and other cyber attacks that could harm small businesses. It also requires the SBA to regularly assess and update its cybersecurity measures to ensure they are effective and up-to-date.
Additionally, the bill includes provisions for training SBA employees on cybersecurity best practices and requires the agency to report to Congress on its efforts to protect small business information. This transparency and accountability are intended to ensure that the SBA is taking the necessary steps to safeguard sensitive data. Overall, the Protecting Small Business Information Act of 2023 is aimed at enhancing the cybersecurity measures of the SBA to better protect the information of small businesses and prevent potential cyber threats.
Congressional Summary of HR 4035
Protecting Small Business Information Act of 2023
This bill requires the Department of the Treasury to ensure all rules issued under the Corporate Transparency Act have the same effective date. Any final rules already issued must not take effect until all final rules under the act have been issued. The act requires companies to report beneficial ownership information (i.e., the identity of individuals behind a corporate entity) to the Financial Crimes Enforcement Network (FinCEN).
Read the Full Bill
Current Status of Bill HR 4035
Bill HR 4035 is currently in the status of Bill Introduced since June 12, 2023. Bill HR 4035 was introduced during Congress 118 and was introduced to the House on June 12, 2023. Bill HR 4035's most recent activity was Referred to the House Committee on Financial Services. as of June 12, 2023
Bipartisan Support of Bill HR 4035
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
84Democrat Cosponsors
8Republican Cosponsors
76Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4035
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HR 4035
Protecting Small Business Information Act of 2023
Protecting Small Business Information Act of 2023
To require the Secretary of the Treasury to harmonize the effective dates of all rules required under the Corporate Transparency Act, and for other purposes.
Comments
Sponsors and Cosponsors of HR 4035
Latest Bills
To amend the Internal Revenue Code of 1986 to modify certain percentage depletion rules with respect to oil and gas wells.
Bill HR 8034April 7, 2026
To prohibit preferential screening for Members of Congress at airports, and for other purposes.
Bill HR 8049April 7, 2026
To expand credentialed, personalized financial and housing counseling to members of the Armed Forces serving on active duty or transitioning from service, and for other purposes.
Bill HR 8056April 7, 2026
To amend the FISA Amendments Act of 2008 to extend the authorities of title VII of the Foreign Intelligence Surveillance Act of 1978 through October 20, 2027, and for other purposes.
Bill HR 8035April 7, 2026
To amend title XVIII of the Social Security Act to ensure equitable payment for, and preserve Medicare beneficiary access to, cancer treatments under the Medicare hospital outpatient prospective payment system.
Bill HR 8032April 7, 2026
To amend title XLI of the FAST Act to lower the cost estimate threshold relating to eligibility of infrastructure projects for certain permitting processes, and for other purposes.
Bill HR 8003April 7, 2026
To amend the Defense Production Act of 1950 to limit eligibility for assistance, increase monetary penalties, establish fraud risk management processes, and for other purposes.
Bill HR 8030April 7, 2026
To prohibit a road construction project in the White River National Forest in the State of Colorado, and for other purposes.
Bill HR 8061April 7, 2026
To establish a reserve fund for the United States Secret Service, and for other purposes.
Bill HR 8058April 7, 2026
To amend title 38, United States Code, to require that a sterile processing technician of the Veterans Health Administration holds an appropriate professional certification, and for other purposes.
Bill HR 8052April 7, 2026
Protecting Small Business Information Act of 2023
Bill S 2623December 13, 2023