Legis Daily

A bill to create an Office of Cybersecurity at the Federal Trade Commission for supervision of data security at consumer reporting agencies, to require the promulgation of regulations establishing standards for effective cybersecurity at consumer reporting agencies, to impose penalties on credit reporting agencies for cybersecurity breaches that put sensitive consumer data at risk, and for other purposes.

USA115th CongressS-2289| Senate 
| Updated: 7/12/2018
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (3)
Jeanne Shaheen (Democratic)Mark R. Warner (Democratic)Debbie Stabenow (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Data Breach Prevention and Compensation Act of 2018 This bill creates the Office of Cybersecurity within the Federal Trade Commission (FTC) that, in part, must: supervise, evaluate, and regulate specified agencies' management of data security; examine agencies annually for compliance with regulations; investigate an agency in the event of a breach covered by the bill or suspected noncompliance with regulations, and report on any findings of such investigation; and coordinate with the National Institute of Standards and Technology and the National Cybersecurity and Communications Integration Center of the Department of Homeland Security. The office is authorized to: (1) investigate an agency's compliance with regulations regarding any data breach, and (2) enjoin an agency from violating specified regulations. Specified consumer reporting agencies, in part, must: provide the office with information relating to security measures, demonstrate reasonable data protection measures, and notify the FTC of a covered breach. The bill establishes civil penalties for violations and directs the FTC to enforce compliance.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 10, 2018
Introduced in Senate
Jan 10, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 12, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-361.
  • January 10, 2018
    Introduced in Senate


  • January 10, 2018
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • July 12, 2018
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-361.

Finance and Financial Sector

Administrative law and regulatory proceduresCivil actions and liabilityComputer security and identity theftConsumer creditConsumer Financial Protection BureauDepartment of CommerceDepartment of Homeland SecurityExecutive agency funding and structureFederal Trade Commission (FTC)Government employee pay, benefits, personnel managementGovernment studies and investigations

A bill to create an Office of Cybersecurity at the Federal Trade Commission for supervision of data security at consumer reporting agencies, to require the promulgation of regulations establishing standards for effective cybersecurity at consumer reporting agencies, to impose penalties on credit reporting agencies for cybersecurity breaches that put sensitive consumer data at risk, and for other purposes.

USA115th CongressS-2289| Senate 
| Updated: 7/12/2018
Data Breach Prevention and Compensation Act of 2018 This bill creates the Office of Cybersecurity within the Federal Trade Commission (FTC) that, in part, must: supervise, evaluate, and regulate specified agencies' management of data security; examine agencies annually for compliance with regulations; investigate an agency in the event of a breach covered by the bill or suspected noncompliance with regulations, and report on any findings of such investigation; and coordinate with the National Institute of Standards and Technology and the National Cybersecurity and Communications Integration Center of the Department of Homeland Security. The office is authorized to: (1) investigate an agency's compliance with regulations regarding any data breach, and (2) enjoin an agency from violating specified regulations. Specified consumer reporting agencies, in part, must: provide the office with information relating to security measures, demonstrate reasonable data protection measures, and notify the FTC of a covered breach. The bill establishes civil penalties for violations and directs the FTC to enforce compliance.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 10, 2018
Introduced in Senate
Jan 10, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 12, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-361.
  • January 10, 2018
    Introduced in Senate


  • January 10, 2018
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • July 12, 2018
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-361.
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (3)
Jeanne Shaheen (Democratic)Mark R. Warner (Democratic)Debbie Stabenow (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresCivil actions and liabilityComputer security and identity theftConsumer creditConsumer Financial Protection BureauDepartment of CommerceDepartment of Homeland SecurityExecutive agency funding and structureFederal Trade Commission (FTC)Government employee pay, benefits, personnel managementGovernment studies and investigations