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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Dec 7, 2016.
This bill expresses the sense of Congress that information security is critical to U.S. economic security and should be protected to promote economic growth.
The National Telecommunications and Information Administration must report on the costs to the U.S. economy of protecting information and systems from unauthorized access, use, disclosure, disruption, modification, or destruction to provide information integrity, confidentiality, timely and reliable access, and authentication through digital credentials.
The report must estimate the cost of: (1) security for computers, networks, software, storage systems, data transmission, equipment, and support services; (2) measures to mitigate and hedge against compromises of information systems; and (3) economic loss or harm caused by such compromises.