HR 4458 · 116th Congress 2019–2021, ended

Cybersecurity and Financial System Resilience Act of 2019

Latest action · Jan 14, 2020 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedSep 24, 2019
  2. Passed HouseJan 13, 2020
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Cybersecurity and Financial System Resilience Act of 2019

This bill requires the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration to each annually report on efforts to strengthen cybersecurity measures with respect to its regulatory functions.

Cosponsors 7

Members who signed on, in the order they did. Signatures ran from Sep 27, 2019 to Oct 29, 2019.

SeatCosponsorSigned on
R-TXLance GoodenSep 27, 2019
R-OHAnthony GonzalezOct 29, 2019
R-MIBill HuizengaOct 29, 2019
R-WIBryan SteilOct 29, 2019
R-VADenver RigglemanOct 29, 2019
R-NCTed BuddOct 29, 2019
R-MNTom EmmerOct 29, 2019

Committees 2

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseFinancial Services Committee
Referred Sep 24, 2019Markup Oct 31, 2019
SenateBanking, Housing, and Urban Affairs Committee
Referred Jan 14, 2020

Actions 12

Everything that happened, newest first.

  1. Jan 14, 2020Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jan 13, 2020Ms. Waters moved to suspend the rules and pass the bill, as amended.
  3. Jan 13, 2020Considered under suspension of the rules. (consideration: CR H195-198)
  4. Jan 13, 2020DEBATE - The House proceeded with forty minutes of debate on H.R. 4458.
  5. Jan 13, 2020Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H195-196)
  6. Jan 13, 2020Motion to reconsider laid on the table Agreed to without objection.
  7. Oct 31, 2019Committee Consideration and Mark-up Session Held.
  8. Oct 31, 2019Ordered to be Reported (Amended) by Voice Vote.
  9. Oct 30, 2019Committee Consideration and Mark-up Session Held.
  10. Oct 29, 2019Committee Consideration and Mark-up Session Held.
  11. Sep 24, 2019Introduced in House
  12. Sep 24, 2019Referred to the House Committee on Financial Services.

In the Congressional Record 2

Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.

WhereIn the RecordMembersDate
ExtensionsDebate and remarks E34Sheila Jackson Lee D-TXJan 14, 2020
HouseDebate and remarks H195–H198Text printed H195Notices H205Estimated budget effects of H.R. 4458, Cybersecurity and Financial System Resilience ActTables H206Estimated pay-as-you-go effects of H.R. 4458, Cybersecurity and Financial System Resilience ActJohn A. Yarmuth D-KY, Maxine Waters D-CA, Patrick T. McHenry R-NCJan 13, 2020

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Congressional Budget Office cost estimate

  1. Jan 13, 2020H.R. 4458, Cybersecurity and Financial System Resilience Act of 2019As ordered reported by the House Committee on Financial Services on October 31, 2019

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article 1, Section 8, Clause 4: ``To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.''

The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 154, September 24, 2019, page H7902.

Titles 4

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To require the Board of Governors of the Federal Reserve System to issue reports on cybersecurity with respect to the functions of the Federal Reserve System, and for other purposes.
Short Title(s) as Introduced
Cybersecurity and Financial System Resilience Act of 2019
Short Title(s) as Passed House
Cybersecurity and Financial System Resilience Act of 2019
Short Titles from RFS (Referred to Senate) bill text
Cybersecurity and Financial System Resilience Act of 2019

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 3

Each version as it was printed, newest first.

  1. Jan 14, 2020Referred in Senate
  2. Jan 13, 2020Engrossed in House
  3. Sep 24, 2019Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.