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Congressional Disapproval of SEC Rule on Corporate Cybersecurity Disclosure.

This resolution aims to cancel a new rule by the Securities and Exchange Commission (SEC) that mandates publicly traded companies to disclose significant cybersecurity incidents and their risk management strategies. If passed, companies will not be required to provide this detailed information to investors, potentially reducing transparency regarding corporate security and risk exposure. This affects ordinary citizens who invest in the stock market.
Key points
Blocks the SEC requirement for public companies to disclose their cybersecurity risk management strategies and governance.
Removes the mandate for prompt disclosure of material cybersecurity incidents, affecting investor transparency and risk assessment.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_SJRES_50
Sponsor: Sen. Tillis, Thomas [R-NC]
Process start date: 2023-11-09
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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

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_SJRES_50.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-11-09.

What are the main provisions?

Key points include:

  • Blocks the SEC requirement for public companies to disclose their cybersecurity risk management strategies and governance.
  • Removes the mandate for prompt disclosure of material cybersecurity incidents, affecting investor transparency and risk assessment.
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. Tillis, Thomas [R-NC].

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 2025-12-26.

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