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![handle is hein.congrecreports/crptxadph0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION .
116TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 116-633
CYBERSECURITY DISCLOSURE ACT OF 2019
DECEMBER 8, 2020.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Ms. WATERS, from the Committee on Financial Services,
submitted the following
R E P O R T
together with
MINORITY VIEWS
[To accompany H.R. 1731]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 1731) to amend the Securities Exchange Act of 1934 to
promote transparency in the oversight of cybersecurity risks at
publicly traded companies, having considered the same, reports fa-
vorably thereon with an amendment and recommends that the bill
as amended do pass.
CONTENTS
Page
Purpose and Sum m ary ............................................................................................ 2
Background and Need for Legislation ................................................................... 3
Section-by-Section A nalysis ................................................................................... 3
Hearings ................................................................................................................... 4
Com m ittee Consideration ........................................................................................ 5
Committee Votes ...................................................................................................... 5
Statement of Oversight Findings and Recommendations of the Committee ...... 7
Statement of Performance Goals and Objectives .................................................. 7
New Budget Authority and CBO Cost Estimate ................................................... 7
Com m ittee Cost E stim ate ....................................................................................... 9
U nfunded M andate Statem ent ............................................................................... 9
A dvisory C om m ittee ............................................................................................... 9
Application of Law to the Legislative Branch ....................................................... 9
E arm ark Statem ent ................................................................................................ 9
Duplication of Federal Program s ............................................................................ 9
C h anges to E xisting L aw ........................................................................................ 10
Minority Views ......................................................................................................... 12
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