National Risk Management Act of 2021

To require the Secretary of Homeland Security to establish a national risk management cycle, and for other purposes. 1. Short title This Act may be cited as the National Risk Management Act of 2021 2. National risk management cycle (a) In general Subtitle A of title XXII of the Homeland Security Act of 2002 ( 6 U.S.C. 651 2218. National risk management cycle (a) Definitions In this section: (1) Critical infrastructure The term critical infrastructure 42 U.S.C. 5195c(e) (2) National critical functions The term national critical functions (b) National risk management cycle (1) Risk identification and assessment (A) In general The Secretary, acting through the Director, shall establish a process by which to identify, assess, and prioritize risks to critical infrastructure, considering both cyber and physical threats, vulnerabilities, and consequences. (B) Consultation In establishing the process required under subparagraph (A), the Secretary shall consult with Sector Risk Management Agencies, critical infrastructure owners and operators, and the National Cyber Director. (C) Publication Not later than 180 days after the date of enactment of this section, the Secretary shall publish in the Federal Register procedures for the process established under subparagraph (A). (D) Report The Secretary shall submit to the President, the Committee on Homeland Security and Governmental Affairs of the Senate, and the Committee on Homeland Security of the House of Representatives a report on the risks identified by the process established under subparagraph (A)— (i) not later than 1 year after the date of enactment of this section; and (ii) not later than 1 year after the date on which the Secretary submits a periodic evaluation described in section 9002(b)(2) of title XC of division H of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 ( Public Law 116–283 (2) National critical infrastructure resilience strategy (A) In general Not later than 1 year after the date on which the Secretary delivers each report required under paragraph (1), the President shall deliver to majority and minority leaders of the Senate, the Speaker and minority leader of the House of Representatives, the Committee on Homeland Security and Governmental Affairs of the Senate, and the Committee on Homeland Security of the House of Representatives a national critical infrastructure resilience strategy designed to address the risks identified by the Secretary. (B) Elements In each strategy delivered under subparagraph (A), the President shall— (i) identify, assess, and prioritize areas of risk to critical infrastructure that would compromise, disrupt, or impede their ability to support the national critical functions of national security, economic security, or public health and safety; (ii) assess the implementation of the previous national critical infrastructure resilience strategy, as applicable; (iii) identify and outline current and proposed national-level actions, programs, and efforts to be taken to address the risks identified; (iv) identify the Federal departments or agencies responsible for leading each national-level action, program, or effort and the relevant critical infrastructure sectors for each; (v) outline the budget plan required to provide sufficient resources to successfully execute the full range of activities proposed or described by the strategy; and (vi) request any additional authorities or resources necessary to successfully execute the strategy. (C) Form Each strategy delivered under subparagraph (A) shall be unclassified, but may contain a classified annex. (3) Congressional briefing Not later than 1 year after the date on which the President delivers a strategy under this section, and every year thereafter, the Secretary, in coordination with Sector Risk Management Agencies, shall brief the appropriate committees of Congress on the national risk management cycle activities undertaken pursuant to the strategy. . (b) Technical and conforming amendment The table of contents in section 1(b) of the Homeland Security Act of 2002 ( Public Law 107–296 Sec. 2218. National risk management cycle. .

Summary: National Risk Management Act of 2021 This bill requires the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency to establish a recurring process by which to identify, assess, and prioritize risks to critical infrastructure and requires the President to deliver to Congress a national critical infrastructure resilience strategy designed to address the risks identified.