Bill117th CongressFiled Nov 9, 2021Finance and Financial Sector
H.R. 5936
Ransomware and Financial Stability Act of 2021
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Nov 9, 2021)
Ransomware and Financial Stability Act of 2021
This bill requires financial institutions to inform the Financial Crimes Enforcement Network of a ransomware attack and any associated demand of payment. Further, the institution may not make such a payment in an amount greater than $100,000 without authorization from the appropriate federal law enforcement agency. The President may waive the notification requirement if it is in the national interest.
What just happenedNov 9, 2021
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. McHenry, Patrick T. [R-NC-10](R-NC)Sponsor
1 cosponsor1 R
1cosponsors1committees3actions
- Introduced in HouseNov 9, 2021
- Nov 9, 2021IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Nov 9, 2021IntroReferralIntro-H
Introduced in House
- Nov 9, 2021IntroReferral1000
Introduced in House