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Support for Small Businesses: Cooperative Cybersecurity Purchasing and Data Protection.

This law establishes a temporary program to help small businesses in key sectors (like healthcare or retail) purchase cybersecurity products and services. The Small Business Administration (SBA) will launch a free platform where businesses can cooperatively buy digital protection, indirectly enhancing consumer data security. The goal is to reduce the risk of cyberattacks and protect citizens' sensitive information held by these companies.
Key points
Creation of a free online marketplace where small businesses can cooperatively purchase cybersecurity services and cyber risk insurance.
The program focuses on educating and assisting businesses in sensitive sectors, including healthcare, finance, retail, and transportation.
The platform aims to give small businesses access to better digital protection, which is crucial for customer data security.
The cooperative purchasing program is temporary and is set to expire on September 30, 2024.
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Expired
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Additional Information
Print number: 118_S_1458
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2023-05-04
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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

SECURE Small Business Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1458.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-05-04.

What are the main provisions?

Key points include:

  • Creation of a free online marketplace where small businesses can cooperatively purchase cybersecurity services and cyber risk insurance.
  • The program focuses on educating and assisting businesses in sensitive sectors, including healthcare, finance, retail, and transportation.
  • The platform aims to give small businesses access to better digital protection, which is crucial for customer data security.
  • The cooperative purchasing program is temporary and is set to expire on September 30, 2024.
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. Cortez Masto, Catherine [D-NV].

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.

CATEGORIES

Economy Informatization Security