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H.R. 4458: Cybersecurity and Financial System Resilience Act of 2019

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To require the Board of Governors of the Federal Reserve System to issue reports on cybersecurity with respect to the functions of the Federal Reserve System, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Patrick McHenry

Sponsor. Representative for North Carolina's 10th congressional district. Republican.

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Last Updated: Jan 14, 2020
Length: 6 pages
Introduced
Sep 24, 2019
116th Congress (2019–2021)
Status

Passed House (Senate next) on Jan 13, 2020

This bill passed in the House on January 13, 2020 and goes to the Senate next for consideration.

Prognosis
4% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What legislators are saying

ICYMI: Why Protecting Financial Institutions From Cyberattacks Is an Urgent Matter
    — Rep. Patrick McHenry [R-NC10] (Sponsor) on Jan 16, 2020

THIS WEEK IN CONGRESS - January 17, 2020
    — Rep. Gregorio Sablan [D-MP0] on Jan 21, 2020

the daily leader: monday, january 13, 2020
    — Rep. Steny Hoyer [D-MD5] on Jan 12, 2020

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute SpendingTracker.org estimates H.R. 4458 will add $1 million in new spending through 2029.

History

Sep 24, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Sep 25, 2019
 
Considered by Consumer Protection and Financial Institutions

A committee held a hearing or business meeting about the bill.

Oct 29, 2019
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Oct 31, 2019
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Jan 13, 2020
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next. The vote was by voice vote so no record of individual votes was made.

If this bill has further action, the following steps may occur next:
 
Passed Senate

 
Signed by the President

H.R. 4458 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 4458. This is the one from the 116th Congress.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 4458 — 116th Congress: Cybersecurity and Financial System Resilience Act of 2019.” www.GovTrack.us. 2019. November 26, 2020 <https://www.govtrack.us/congress/bills/116/hr4458>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.