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Public and Private Sector Ransomware Response Coordination Act of 2025

USA119th CongressHR-807| House 
| Updated: 1/28/2025
Zachary Nunn

Zachary Nunn

Republican Representative

Iowa

Cosponsors (2)
Eugene Simon Vindman (Democratic)Josh Gottheimer (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill mandates the Secretary of the Treasury to produce a comprehensive report within one year of its enactment. The report will analyze the current state of coordination and collaboration between public and private sectors, including governmental agencies, in preventing and responding to ransomware attacks targeting financial institutions. Key areas of examination include whether relevant governmental agencies have timely access to information reported by financial institutions following an attack and the utility of such information for prevention, investigation, and prosecution. The report will also assess existing reporting requirements, identify reasons why financial institutions might withhold or delay reporting, and incorporate feedback from cybersecurity and ransomware incident response entities. Ultimately, the Secretary must recommend policy initiatives to strengthen public-private partnerships, improve incident report sharing, and reduce incident response times. The report will be submitted in an unclassified form, potentially with a classified annex, and followed by a briefing to appropriate congressional committees within 15 months.
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Timeline

Bill from Previous Congress

HR 118-9315
Public and Private Sector Ransomware Response Coordination Act of 2024
Jan 28, 2025
Introduced in House
Jan 28, 2025
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 118-9315
    Public and Private Sector Ransomware Response Coordination Act of 2024


  • January 28, 2025
    Introduced in House


  • January 28, 2025
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Public and Private Sector Ransomware Response Coordination Act of 2025

USA119th CongressHR-807| House 
| Updated: 1/28/2025
This bill mandates the Secretary of the Treasury to produce a comprehensive report within one year of its enactment. The report will analyze the current state of coordination and collaboration between public and private sectors, including governmental agencies, in preventing and responding to ransomware attacks targeting financial institutions. Key areas of examination include whether relevant governmental agencies have timely access to information reported by financial institutions following an attack and the utility of such information for prevention, investigation, and prosecution. The report will also assess existing reporting requirements, identify reasons why financial institutions might withhold or delay reporting, and incorporate feedback from cybersecurity and ransomware incident response entities. Ultimately, the Secretary must recommend policy initiatives to strengthen public-private partnerships, improve incident report sharing, and reduce incident response times. The report will be submitted in an unclassified form, potentially with a classified annex, and followed by a briefing to appropriate congressional committees within 15 months.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 118-9315
Public and Private Sector Ransomware Response Coordination Act of 2024
Jan 28, 2025
Introduced in House
Jan 28, 2025
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 118-9315
    Public and Private Sector Ransomware Response Coordination Act of 2024


  • January 28, 2025
    Introduced in House


  • January 28, 2025
    Referred to the House Committee on Financial Services.
Zachary Nunn

Zachary Nunn

Republican Representative

Iowa

Cosponsors (2)
Eugene Simon Vindman (Democratic)Josh Gottheimer (Democratic)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted