S. 536 — Cybersecurity Disclosure Act of 2017

Summary

Cybersecurity Disclosure Act of 2017

This bill directs the Securities and Exchange Commission (SEC) to issue final rules requiring a registered issuer 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 the persons responsible for identifying and evaluating nominees for the governing body.

The SEC shall, in coordination with the National Institute of Standards and Technology, define what constitutes expertise or experience in cybersecurity.

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Related Legislation

H.R. 6638Cybersecurity Disclosure Act of 2018
2018-07-27Referred to the House Committee on Financial Services.
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Legislative Actions

2017-03-07
Introduced in Senate
2017-03-07
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1641-1642)
2017-09-12
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-95.
2018-05-24
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-307.
2018-06-28
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-406.

Cybersecurity Disclosure Act of 2017

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