Cybersecurity Disclosure Act of 2017 This bill directs the Securities and Exchange Commission (SEC) to issue final rules requiring a registered issuer to: disclose in its mandatory annual report or annual proxy statement whether any member of its governing body has expertise or experience in cybersecurity, including details necessary to describe fully the nature of that expertise or experience; and if no member has such expertise or experience, describe what other company cybersecurity steps were taken into account by the persons responsible for identifying and evaluating nominees for the governing body. The SEC shall, in coordination with the National Institute of Standards and Technology, define what constitutes expertise or experience in cybersecurity.
Administrative law and regulatory proceduresComputer security and identity theftFinancial services and investmentsGovernment information and archivesSecuritiesSecurities and Exchange Commission (SEC)
A bill to promote transparency in the oversight of cybersecurity risks at publicly traded companies.
USA115th CongressS-536| Senate
| Updated: 6/28/2018
Cybersecurity Disclosure Act of 2017 This bill directs the Securities and Exchange Commission (SEC) to issue final rules requiring a registered issuer to: disclose in its mandatory annual report or annual proxy statement whether any member of its governing body has expertise or experience in cybersecurity, including details necessary to describe fully the nature of that expertise or experience; and if no member has such expertise or experience, describe what other company cybersecurity steps were taken into account by the persons responsible for identifying and evaluating nominees for the governing body. The SEC shall, in coordination with the National Institute of Standards and Technology, define what constitutes expertise or experience in cybersecurity.
Administrative law and regulatory proceduresComputer security and identity theftFinancial services and investmentsGovernment information and archivesSecuritiesSecurities and Exchange Commission (SEC)