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1 1 (2019)

handle is hein.congrec/sbacyber0001 and id is 1 raw text is: Congressional Budget Office Cost Estimate May 20, 2019 By Fiscal Year, Millions of Dollars 2019 2019-2024 2019-2029 Direct Spending (Outlays) 0 0 0 Revenues Deficit Effect 0 0 0 0 0 0 H.R. 2331 would require the Small Business Administration (SBA) to report annually to the Congress on the state of its information technology (IT) and cybersecurity systems, the methods it could use to improve cybersecurity, any IT equipment or systems it has that were produced by an entity doing business principally in China, and any recent cybersecurity risks or incidents and subsequent responses. H.R. 2331 also would require the SBA to report all cybersecurity risks or incidents to the Congress as they occur and to notify the individuals and small businesses affected. Under current law, the SBA is required to submit an annual performance report to the Congress that includes information concerning agency cybersecurity efforts. In addition, the Federal Information Security Modernization Act of 2014 requires federal agencies, including the SBA, to report on the effectiveness of their information security policies and practices each year. Although H.R. 2331 would impose new reporting requirements upon the SBA, the work required to fulfill most of those requirements would not be significant because the SBA already collects most of the information needed in those reports. On April 23, 2019, CBO transmitted a cost estimate for S. 772, the SBA Cyber Awareness Act, as ordered reported by the Senate Committee on Small Business and Entrepreneurship on April 1, 2019. The two bills are similar and CBO's estimates of their cost are the same. The CBO staff contact for this estimate is David Hughes. The estimate was reviewed by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis. See also CBO's Cost Estimates Explained, www,cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo~gov/publicationi42904.

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