S 2410
114th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Computer security and identity theft
Financial services and investments
Government information and archives
Securities
Securities and Exchange Commission (SEC)
Cybersecurity Disclosure Act of 2015
Introduced: December 17, 2015
Introduced by:
Reed, Jack
Democratic
· Rhode Island
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2015
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S8795)
Dec 17, 2015
Introduced in Senate
Plain-English summary
Cybersecurity Disclosure Act of 2015
This bill directs the Securities and Exchange Commission (SEC) to issue final rules requiring each reporting company to:
- disclose in its mandatory annual report or annual proxy statement whether any member of its governing body has expertise or experience in cybersecurity, including details necessary to describe fully the nature of that expertise or experience; and
- if no member has such expertise or experience, describe what other company cybersecurity steps were taken into account by any persons, such as a nominating committee, responsible for identifying and evaluating nominees for the governing body.
The SEC shall also, in coordination with the National Institute of Standards and Technology, define what constitutes expertise or experience in cybersecurity, such as professional qualifications to administer information security program functions or experience detecting, preventing, mitigating, or addressing cybersecurity threats.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S8795)
Committees of jurisdiction
1
Cosponsors
1