HR 5936 · 117th Congress · Finance and Financial Sector

Ransomware and Financial Stability Act of 2021

Introduced 2021-11-09· Sponsored by Rep. McHenry, Patrick T. [R-NC-10]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2021-11-09)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. Gonzalez, Anthony [R-OH-16]OH