Us Congress 2025-2026 Regular Session

Us Congress House Bill HB807

Introduced
1/28/25  

Caption

Public and Private Sector Ransomware Response Coordination Act of 2025

Impact

The implications of HB 807 extend to improving the framework of how financial institutions report incidents of ransomware to governmental agencies, which is critical for timely responses. By facilitating better communication and partnership between the public and private sectors, the bill is expected to strengthen the nation's resilience against cyberattacks. The focus on public-private cooperation is vital, particularly in an era where financial institutions face increasing threats from cybercriminals. Enhanced incident reporting and response practices could serve to not only mitigate the impacts of ransomware attacks but also improve overall cybersecurity measures within the financial sector.

Summary

House Bill 807, titled the Public and Private Sector Ransomware Response Coordination Act of 2025, aims to enhance the coordination and collaboration between public and private sectors in response to ransomware attacks targeting financial institutions. The bill mandates the Secretary of the Treasury to submit a comprehensive report within one year of its enactment that outlines the current state of coordination, the accessibility of information during ransomware incidents, and an analysis of existing reporting requirements for financial institutions facing such attacks. Additionally, the bill addresses the need for potential legislative changes to streamline the information flow among various stakeholders involved in combating ransomware.

Contention

Notably, there are points of contention surrounding the bill, particularly concerning the extent of information sharing and the readiness of financial institutions to report ransomware attacks. Some may argue that the reporting requirements could be burdensome and might discourage institutions from promptly disclosing incidents. Furthermore, there may be concerns about the confidentiality of sensitive financial data and the potential exposure of institutions to additional risks due to mandatory disclosures. The balance between ensuring adequate security and fostering an open reporting culture is central to the discussions surrounding HB 807.

Congress_id

119-HR-807

Policy_area

Finance and Financial Sector

Introduced_date

2025-01-28

Companion Bills

No companion bills found.

Previously Filed As

US HB9315

Public and Private Sector Ransomware Response Coordination Act of 2024

US HB10455

To direct the Secretary of Health and Human Services to establish the Health Sector Cybersecurity Coordination Center, and for other purposes.

US HB7965

Ransomware and Financial Stability Act of 2024 Cybersecurity and Financial System Resilience Act

US HB7271

Fiscally Responsible Israel Security Supplemental Appropriations Act, 2024

US HB9737

Secure A.I. Act of 2024 Secure Artificial Intelligence Act of 2024

US SB2956

Middle East Security Coordination Act of 2023

US HB7175

Human Rights Defenders Protection Act of 2024

US HB6571

Promoting Resilient Supply Chains Act of 2023

US HB9756

Private Sector Competition in Microtransit Act

US HB6535

Emergency Migration Response Act of 2023

Similar Bills

US HB7965

Ransomware and Financial Stability Act of 2024 Cybersecurity and Financial System Resilience Act

PA SB563

In computer offenses, providing for the offense of ransomware; and imposing duties on the Office of Administration.

US HB9315

Public and Private Sector Ransomware Response Coordination Act of 2024

FL H7055

Cybersecurity

HI HB2052

Relating To Cybersecurity.

MS SB2703

Cybersecurity; prohibit agencies from paying ransoms.

GA HB886

State government; prohibit state agencies and local government entities from responding to ransomware activity

HI SCR84

Requesting That The Chief Information Officer Review Whether All Departments, Agencies, And Offices Of The State Have Up-to-date Technology To Reduce Cyber Threats And Help Protect The State Against Cyberattacks.