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United States · Bill · HR

H.R. 5936 (117th)

Ransomware and Financial Stability Act of 2021

referredUnited States· United States Congress· EN

Introduced

9 November 2021

Last action

Status

Referred to the House Committee on Financial Services.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Ransomware and Financial Stability Act of 2021 This bill requires financial institutions to inform the Financial Crimes Enforcement Network of a ransomware attack and any associated demand of payment. Further, the institution may not make such a payment in an amount greater than $100,000 without authorization from the appropriate federal law enforcement agency. The President may waive the notification requirement if it is in the national interest.

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Documents

3 official files

Introduced in House (text)

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Sources

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