Ransomware and Financial Stability Act of 2021
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Nov 2021
Committee Review
Floor Vote
President
Introduced Nov 9, 2021
Last action Nov 9, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Nov 9, 2021
Committee
Referred to the House Committee on Financial Services.
lower
Nov 9, 2021
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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