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Financial Services Law Insights and Observations

Congress Considers Cybersecurity Bills

U.S. House Privacy/Cyber Risk & Data Security

Privacy, Cyber Risk & Data Security

On September 21, the House approved HR 5064, the Improving Small Business Cyber Security Act. This bill envisions cooperation between the Department of Homeland Security (DHS) and the Small Business Administration to share cyber threat information and to provide cybersecurity consulting services through small business development centers. Although it was scheduled for debate, there was no action on HR 5459, the Cyber Preparedness Act of 2016. This legislation would rely on the National Cybersecurity and Communications Integration Center to share information about cybersecurity best practices, as well as cyber threat indicators and defensive measures with state, local, and regional officials.