H.R.807 - Public and Private Sector Ransomware Response Coordination Act of 2025 (119th Congress)
Summary
H.R. 807, the Public and Private Sector Ransomware Response Coordination Act of 2025, directs the Secretary of the Treasury to submit a report to Congress on the coordination between public and private sectors in responding to ransomware attacks on financial institutions. The report will assess the current level of collaboration, information sharing, and the utility of reported information for preventing and investigating such attacks. It also seeks to identify potential legislative needs and policy initiatives to improve public-private partnerships and incident response.
Expected Effects
This bill aims to enhance the nation's cybersecurity posture by improving coordination and information sharing related to ransomware attacks targeting financial institutions. The report mandated by the bill could lead to new legislation or policy changes designed to strengthen cybersecurity measures. Ultimately, it could reduce the frequency and impact of ransomware attacks on the financial sector.
Potential Benefits
- Improved cybersecurity for financial institutions.
- Enhanced coordination between public and private sectors in responding to cyber threats.
- More effective prevention and investigation of ransomware attacks.
- Better information sharing among relevant governmental agencies.
- Potential for new legislation to strengthen cybersecurity defenses.
Potential Disadvantages
- Potential for increased reporting burdens on financial institutions.
- Risk of information overload for governmental agencies.
- Possible delays in incident response due to bureaucratic processes.
- The report's recommendations may not be effectively implemented.
- No immediate impact; relies on the quality and implementation of the report.
Constitutional Alignment
The bill appears to align with the Constitution, particularly Article I, Section 8, which grants Congress the power to regulate commerce and provide for the general welfare. By addressing cybersecurity threats to financial institutions, the bill falls under Congress's authority to regulate interstate commerce and protect the nation's economic stability. There are no apparent infringements on individual liberties or rights.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).