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Ransomware and Financial Stability Act of 2021

USA117th CongressHR-5936| House 
| Updated: 11/9/2021
Patrick T. McHenry

Patrick T. McHenry

Republican Representative

North Carolina

Cosponsors (1)
Anthony Gonzalez (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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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Timeline
Nov 9, 2021
Introduced in House
Nov 9, 2021
Referred to the House Committee on Financial Services.
  • November 9, 2021
    Introduced in House


  • November 9, 2021
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Ransomware and Financial Stability Act of 2021

USA117th CongressHR-5936| House 
| Updated: 11/9/2021
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.
View Full Text

Suggested Questions

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

Timeline
Nov 9, 2021
Introduced in House
Nov 9, 2021
Referred to the House Committee on Financial Services.
  • November 9, 2021
    Introduced in House


  • November 9, 2021
    Referred to the House Committee on Financial Services.
Patrick T. McHenry

Patrick T. McHenry

Republican Representative

North Carolina

Cosponsors (1)
Anthony Gonzalez (Republican)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted