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S. Rept. 114-423 1 (2016-12-20)

handle is hein.congrecreports/crptxsoi0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP Calendar No. 511 114TH CONGRESS REPORT 2d Session SENATE 114-423 SMALL BUSINESS CYBER SECURITY IMPROVEMENTS ACT OF 2016 DECEMBER 20, 2016.-Ordered to be printed Filed, under authority of the order of the Senate of December 10 (legislative day, December 9), 2016 Mr. VITTER, from the Committee on Small Business and Entrepreneurship, submitted the following REPORT [To accompany S. 3024] The Committee on Small Business and Entrepreneurship, to which was referred the bill (S. 3024) to improve cybersecurity for small businesses, having considered the same, reports favorably thereon without amendment and recommends that the bill do pass. I. INTRODUCTION S. 3024 was introduced by Senator Vitter, with co-sponsorship from Senator Peters and Senator Coons, on June 9, 2016. The Small Business Cyber Security Improvements Act of 2016 amends the Small Business Act to authorize the Small Business Administration (SBA), working with the Department of Homeland Security (DHS), to help Small Business Development Centers (SBDCs) develop cybersecurity strategies for small businesses. Dur- ing the markup of the bill, the bill was approved unanimously by roll call vote, with Senator Ernst opposing the legislation and all other senators supporting it. II. HISTORY (PURPOSE & NEED FOR LEGISLATION) By one estimate, three out of every five cyberattacks now target a small business. With America's 28 million small businesses com- prising up to 54 percent of annual U.S. sales, the frequency of such attacks and the high costs they create for small businesses could have ripple effects throughout the economy. Unfortunately, small 69-010

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