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S. 754, Cybersecurity Information Sharing Act of 2015 1 (April 14, 2015)

handle is hein.congrec/cbo2189 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE April 14, 2015 S. 754 Cybersecurity Information Sharing Act of 2015 As reported by the Senate Select Committee on Intelligence on March 17, 2015 S. 754 would require the government to establish procedures to be followed when information on cyber threats is shared between the government and nonfederal entities. The bill also would require the government to audit the process for sharing information and would require additional reports to the Congress on cyber information sharing. CBO anticipates that approximately 20 additional personnel would be needed to administer the program, prepare the required reports and manage the exchange of information. Based on information from the Department of Homeland Security, the Office of Management and Budget, and other cybersecurity experts, CBO estimates that the requirements imposed by S. 754 would cost approximately $20 million over the 2016-2020 period, assuming appropriation of the estimated amounts. The Statutory Pay-As-You-Go Act of 2010 establishes budget-reporting and enforcement procedures for legislation affecting direct spending or revenues. Enacting S. 754 would affect direct spending and revenues because the bill would allow information shared with the government to be used in investigating and prosecuting certain violent crimes. Any additional convictions for such offenses could increase the collection of fines. Criminal fines are recorded as revenues, deposited in the Crime Victims Fund, and later spent. CBO expects that additional revenues and direct spending would not be significant because of the small number of cases likely to be effected. S. 754 would impose intergovernmental and private-sector mandates, as defined in the Unfunded Mandates Reform Act (UMRA), by extending civil and criminal liability protection to cybersecurity providers and other entities that monitor, share, or use cyber threat information. Doing so would prevent public and private entities from seeking compensation for damages from those protected entities. The bill also would impose additional intergovernmental mandates on state and local governments by preempting disclosure and liability laws and laws that restrict cybersecurity monitoring, sharing, and countermeasure activities authorized by the bill. Because of uncertainty about the number of cases that would be limited and any foregone compensation that would result from compensatory damages that might otherwise go to private-sector entities, CBO cannot determine whether the costs of the mandate would

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