The bill would require the Secretary of the Treasury to report to congressional committees within one year on how public and private organizations coordinate to prevent and respond to ransomware attacks on financial institutions. The report would examine agency coordination, access to and usefulness of incident information, reporting requirements, reasons institutions may delay or withhold reports, and possible improvements. Treasury would brief the committees on the findings within 15 months.
The bill does not create new reporting duties for individuals. It directs Treasury to study coordination and information sharing related to ransomware attacks on financial institutions.
The bill does not specify costs or funding.
No publicly available information.
No publicly available information.