Us Congress 2023-2024 Regular Session

Us Congress Senate Bill SB5064

Introduced
9/17/24  

Caption

Protecting Investments in Our Ports Act

Impact

The implications of SB5064 on state laws encompass the enhancement of cybersecurity protocols for businesses engaged in port infrastructure development. By instituting these requirements, the bill effectively sets a standard that promotes cybersecurity compliance, ensuring that critical infrastructural investments are protected from potential cyberattacks. This alignment with national security interests could lead to more robust practices among businesses, potentially increasing the confidence of stakeholders in port operations. However, the act also presents challenges, especially for smaller businesses that may lack the resources to develop comprehensive cybersecurity plans or navigate the complexities of compliance, which could create inequities in the granting process.

Summary

SB5064, titled the 'Protecting Investments in Our Ports Act', aims to amend title 46 of the United States Code by introducing new requirements for applicants seeking grants that involve digital infrastructure or software components. The bill mandates that such applicants must certify the existence of an approved security plan addressing the cybersecurity risks associated with their proposed digital solutions. Alternatively, if an applicant does not possess an approved security plan, they are required to submit a brief description outlining how they plan to mitigate these cybersecurity risks. This requirement emphasizes the importance of safeguarding sensitive digital infrastructures in port operations, reflecting a growing recognition of the vulnerability of such systems to cyber threats.

Contention

Notable points of contention surrounding SB5064 may arise from concerns regarding the feasibility of compliance for various businesses, particularly small to medium-sized enterprises that may find the cybersecurity requirements burdensome. Critics might voice apprehensions about the potential for increased operational costs associated with meeting these security standards. There could also be debates regarding the overall effectiveness of such measures—whether they adequately address the multifaceted nature of cybersecurity threats or merely serve as a bureaucratic hurdle that diverts attention from more pressing security challenges. The balance between enhancing security and ensuring fair access to grants will likely be a critical consideration as discussions around the bill progress.

Companion Bills

US HB9642

Same As Protecting Investments in Our Ports Act

Previously Filed As

US HB9642

Protecting Investments in Our Ports Act

US SB5471

A bill to amend title 46, United States Code, to require applicants for grants that propose to use digital infrastructure or a software component to certify the applicant has an approved security plan that addresses the cybersecurity risks of such digital infrastructure or software component, and for other purposes.

US SB3948

Protecting Against Foreign Adversary Investments Act of 2024

US HB7476

Countering Communist China Act Stop CCP Fentanyl Act Countering Atrocities through Currency Accountability Act of 2024 Sanctioning Supporters of Slave Labor Act DATA Act Deterring America’s Technological Adversaries Act DITCH Act Dump Investments in Troublesome Communist Holdings Act ENABLERS Act Establishing New Authorities for Businesses Laundering and Enabling Risks to Security Act STOP CCP Act Sanctioning Tyrannical and Oppressive People within the Chinese Communist Party Act Disclosing Investments in Foreign Adversaries Act of 2024 PARSA Protecting Americans’ Retirement Savings Act Preventing Adversaries from Developing Critical Capabilities Act

US SB3854

International Freedom Protection Act

US HB9585

Secure Our Ports Act of 2024

US HB2969

Financial Technology Protection Act of 2023

US HB7678

Protecting Against Foreign Adversary Investments Act of 2024

US SB4664

Department of Energy AI Act

US HB8816

American Medical Innovation and Investment Act of 2024

Similar Bills

No similar bills found.