This makes me quite mad, actually - we need thee reverse of this bill:

"Act for PENALIZING infrastucture companies, financial companies, utility companies and other key compnents to USA's national security and economy, by failing to invest in cyber securirty, egregious data leaks/losses/deletions as penalized financialy, quartly following audits until complaince is met."

We should be "incentivising them" -- we did that alreadfy, and failed so many times:

* gas tax to people, subsidies to oil companies for cheap gas, better roads and exanding refining capabilities <-- Total failure

* 4 billion 'incentive' to AT&T for high speed internet infra, in the 1990s?(or early 2000s) - they took the money and did nothging with it

* Rail subsidies and many billions wasted on a failed study for a highspeed rail

* Food sunsidy incentives to keep prices low (oh look at all the food processing facilities that blew up, or caught fire during the pandemic and a large inflationary period.

* Bank bailouts to keep people from getting financially destroyed by interest hikes, etc...

* Lets help Ukraine with billions in arms sales and money which loops right back to back-door kick-backs to both actual politicians and defense contractors etc.

(I personally believe we are pummeling Ukraine with billions in un-auditable funds to hide the corrupt kickbacks coming from these to the US politicians, and some of their family members)

Incentives like this are simply a grift act on the taxpayers, again.

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I know we dont like GPT much in comments - but I find it great for summarizing PDFs from any .gov link:

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Title: Incentives for Advanced Cybersecurity Investment Act Summary

The Incentives for Advanced Cybersecurity Investment Act, as outlined in the provided document, aims to encourage and support organizations in investing in advanced cybersecurity measures. The act offers financial compensation in the form of grants and incentives to qualifying entities that make substantial investments in cybersecurity technologies and practices. Here is a summary of the key points regarding compensation and qualifications:

1. Compensation Offered:
The act provides financial support to eligible entities through grants and incentives. The compensation is structured into two categories: Grants for Advanced Cybersecurity Investments (GACIs) and Cybersecurity Investment Tax Credits (CITCs). The specific compensation amounts are detailed in the document and are subject to change over time.

A. Grants for Advanced Cybersecurity Investments (GACIs):
GACIs are non-repayable funds granted to qualifying organizations to support their cybersecurity investments. The grants are designed to help cover the costs associated with implementing advanced cybersecurity measures, technologies, and training programs.

B. Cybersecurity Investment Tax Credits (CITCs):
CITCs offer eligible entities tax credits based on their investments in advanced cybersecurity. These tax credits aim to provide financial incentives to organizations that invest in cybersecurity technologies and practices.

2. Qualifications for Applying:
To be eligible for the grants and incentives provided by the act, organizations must meet certain criteria. The qualification requirements include:

A. Entity Type:
The act is applicable to various types of entities, including but not limited to:

- For-profit organizations

- Non-profit organizations

- Educational institutions

- State, local, tribal, and territorial governments

- Federal government agencies (subject to specific conditions)

B. Cybersecurity Investment:
Entities must make a significant investment in advanced cybersecurity technologies, practices, or training programs. The act defines the investment threshold and specifies the qualifying cybersecurity areas.

C. Certification and Compliance:
Applicants may need to demonstrate compliance with certain cybersecurity standards or obtain relevant certifications to be considered for the grants and incentives.

D. Reporting and Documentation:
Entities are required to provide detailed reports and documentation to substantiate their investments, costs, and compliance efforts. These documents may include receipts, invoices, training records, and other relevant evidence.

It is important to note that the specific details, requirements, and eligibility criteria may vary and are subject to updates. It is recommended to refer to the original document provided for the most accurate and up-to-date information.