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Increased Transparency in Public Company Cybersecurity

New regulations aim to enhance citizen data security by requiring publicly traded companies to disclose whether their governing bodies possess cybersecurity expertise. This allows citizens to better assess how companies protect their data and investments from digital threats. If such expertise is lacking, companies must explain other measures taken for cybersecurity.
Key points
Publicly traded companies must disclose if their board members have cybersecurity expertise.
If no board member has such expertise, the company must describe other cybersecurity measures taken.
The goal is to increase trust in companies and protect citizen data from cyberattacks.
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Expired
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Additional Information
Print number: 117_S_808
Sponsor: Sen. Reed, Jack [D-RI]
Process start date: 2021-03-17
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Cybersecurity Disclosure Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_808.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-17.

What are the main provisions?

Key points include:

  • Publicly traded companies must disclose if their board members have cybersecurity expertise.
  • If no board member has such expertise, the company must describe other cybersecurity measures taken.
  • The goal is to increase trust in companies and protect citizen data from cyberattacks.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Reed, Jack [D-RI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Security