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Report on Public-Private Coordination Against Ransomware Attacks on Financial Institutions

This legal act aims to enhance citizens' financial security by improving the protection of financial institutions against cyberattacks. It requires the government to prepare a report on how the public and private sectors collaborate in combating cyber threats like ransomware. This will help banks and other financial institutions be better prepared for threats, potentially reducing the risk of data or money loss for customers.
Key points
The government will examine how financial institutions and government agencies cooperate in preventing and responding to cyberattacks.
The report will assess whether government agencies have timely access to information about attacks and if this information is useful.
The goal is to strengthen public-private partnerships and reduce cyberattack response times, thereby increasing citizens' financial security.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_807
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2025-01-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Public and Private Sector Ransomware Response Coordination Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_807.

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 2025-01-28.

What are the main provisions?

Key points include:

  • The government will examine how financial institutions and government agencies cooperate in preventing and responding to cyberattacks.
  • The report will assess whether government agencies have timely access to information about attacks and if this information is useful.
  • The goal is to strengthen public-private partnerships and reduce cyberattack response times, thereby increasing citizens' financial security.
What is the specific legal status?

The current status is Introduced.

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. Nunn, Zachary [R-IA-3].

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 2025-12-23.

CATEGORIES

Security Economy