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".

Bill: 118-sjres-50
Sponsor: full_name: Sen. Tillis, Thomas [R-NC]
Introduced: 2023-11-09
Policy area: Finance and Financial Sector
Latest action: action_date: 2023-11-09
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2023-11-09
action_desc: Introduced in Senate
text: <p>This joint resolution nullifies the final rule issued by the Securities and Exchange Commission titled <i>Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure</i> and published on August 4, 2023. The rule requires standardized disclosures from public companies regarding material cybersecurity incidents and standards and processes to manage cybersecurity risks. </p>

tv_txt: IIA 118th CONGRESS 1st Session S. J. RES. 50 IN THE SENATE OF THE UNITED STATES November 9, 2023 Mr. Tillis (for himself and Mrs. Britt ) introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 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 .

That Congress disapproves the rule submitted by the Securities and Exchange Commission relating to Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure (88 Fed. Reg. 51896 (August 4, 2023)), and such rule shall have no force or effect.