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SEC Cybersecurity Audit: Strengthening Financial Data Protection for Investors

This Act mandates an independent audit of the information technology systems and data security of the Securities and Exchange Commission (SEC). The goal is to verify if the SEC effectively protects sensitive financial data and if its systems are resilient against cyberattacks. Strengthening the security of the financial regulator is crucial for market stability and indirectly protects citizens' savings and investments.
Key points
Requires the independent Government Accountability Office (GAO) to perform a comprehensive audit of the SEC's IT infrastructure and data handling within one year.
The audit will examine SEC's IT spending, contracting quality, and the sufficiency of cybersecurity systems, including analysis of any recent breaches or vulnerabilities.
The objective is to enhance the security of financial data and market stability, thereby indirectly safeguarding citizens' investments.
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Expired
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Additional Information
Print number: 118_HR_8240
Sponsor: Rep. Wagner, Ann [R-MO-2]
Process start date: 2024-05-02
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SEC Cybersecurity Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8240.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-05-02.

What are the main provisions?

Key points include:

  • Requires the independent Government Accountability Office (GAO) to perform a comprehensive audit of the SEC's IT infrastructure and data handling within one year.
  • The audit will examine SEC's IT spending, contracting quality, and the sufficiency of cybersecurity systems, including analysis of any recent breaches or vulnerabilities.
  • The objective is to enhance the security of financial data and market stability, thereby indirectly safeguarding citizens' investments.
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 Rep. Wagner, Ann [R-MO-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Informatization Security