S 2926 · 117th Congress 2021–2023, ended

A bill to require certain entities to disclose to the Secretary of Homeland Security ransom payments, and for other purposes.

Fact sheet

Latest action · Oct 4, 2021 Read twice and referred to the Committee on Homeland Security and Governmental 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. IntroducedOct 4, 2021
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

This bill requires certain entities to disclose ransom payments to the Department of Homeland Security (DHS).

Specifically, within seven days of paying a ransom, disclosure must be made to DHS by any entity that (1) is engaged in interstate commerce, (2) is engaged in an activity affecting interstate commerce, or (3) receives federal funds.

DHS must publish annually information disclosed, including the total dollar amount paid, without revealing identifying information.

DHS must conduct a study to determine if there are commonalities with respect to the information disclosed and the extent to which cryptocurrency has facilitated the kinds of attacks that resulted in such payments.

DHS must establish a website by December 21, 2021, through which individuals may voluntarily report the payment of a ransom by the individual.

Cosponsors

Members who signed on, in the order they did.

No cosponsors are on file for this measure.

Actions 2

Everything that happened, newest first.

  1. Oct 4, 2021Introduced in Senate
  2. Oct 4, 2021Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Related bills 2

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 2943Ransom Disclosure ActRelated billOct 6, 2021
HR 5501Ransom Disclosure ActRelated billOct 6, 2021

Subjects

Assigned by the Library of Congress. Policy area: Government Operations and Politics.

Text 1

Each version as it was printed, newest first.

  1. Oct 4, 2021Introduced in Senate

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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.