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S. 592 — Cybersecurity Disclosure Act of 2019 | PoliFocus

S. 592116th Congress

Cybersecurity Disclosure Act of 2019

A bill to amend the Securities and Exchange Act of 1934 to promote transparency in the oversight of cybersecurity risks at publicly traded companies.

Sponsors

Sen. Reed, Jack [D-RI]

6 cosponsors

Subjects

Finance and Financial Sector

Summary

Cybersecurity Disclosure Act of 2019

This bill directs the Securities and Exchange Commission 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; and
if no member has such expertise or experience, describe what other company cybersecurity aspects were taken into account by the persons responsible for identifying and evaluating nominees for the governing body.

Full Text

Related Legislation

S. 4629America LEADS Act
2020-09-17Read twice and referred to the Committee on Foreign Relations.
Related
H.R. 1731Cybersecurity Disclosure Act of 2019
2020-12-08Placed on the Union Calendar, Calendar No. 518.
Related

Legislative Actions

2019-02-28
Introduced in Senate
2019-02-28
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1595-1596)
2019-02-28
Committee on Banking, Housing, and Urban Affairs. Hearings held.
2019-06-11
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-118.

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