Skip to main content
HR 3868 115th Congress House Government Operations and Politics Computer security and identity theft Criminal investigation, prosecution, interrogation Department of the Treasury Government information and archives Public contracts and procurement

Treasury Innovation Act

Introduced: September 28, 2017 Introduced by: Budd, Ted Republican · North Carolina See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 2017
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 28, 2017
Introduced in House
 Plain-English summary Congressional Research Service

Treasury Innovation Act

This bill directs the Department of the Treasury to establish a bug bounty pilot program to minimize vulnerabilities to Treasury information systems.

"Bug bounty pilot program" is a program under which an approved computer security specialist or security researcher is temporarily authorized to identify and report vulnerabilities within Treasury information systems in exchange for cash payment.

Under such program, Treasury shall:

  • provide monetary compensation for reports of previously unidentified security vulnerabilities within the websites, applications, and other Treasury information systems that are accessible to the public;
  • develop an expeditious process by which computer security researchers can register for the program, submit to a background check, and receive a determination as to approval for program participation;
  • designate mission-critical operations within Treasury that should be excluded;
  • consult with the Department of Justice on how to ensure that program participants are protected from prosecution for activities authorized under the program;
  • award competitive contracts to manage the program and for executing the remediation of identified vulnerabilities; and
  • engage interested persons, including commercial sector representatives, about the structure of the program.
What's happening now September 28, 2017

Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Committees of jurisdiction 2