3.0.0 2289 2023-01-11T13:38:54Z 2023-01-11T13:38:54Z Senate S 2018-01-10 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2018-07-12T14:00:38Z Referred to 2018-01-10T18:12:55Z 2018-07-12 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2018-01-10 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2018-01-10 Introduced in Senate IntroReferral 10000 9 Library of Congress W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. N W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2018-01-10 True S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2018-02-28 False S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2018-03-06 False Finance and Financial Sector Administrative law and regulatory procedures Civil actions and liability Computer security and identity theft Consumer Financial Protection Bureau Consumer credit Department of Commerce Department of Homeland Security Executive agency funding and structure Federal Trade Commission (FTC) Government employee pay, benefits, personnel management Government studies and investigations Finance and Financial Sector 00 2018-01-10 Introduced in Senate 2018-07-05T21:56:17Z Data Breach Prevention and Compensation Act of 2018

This bill creates the Office of Cybersecurity within the Federal Trade Commission (FTC) that, in part, must:

  • supervise, evaluate, and regulate specified agencies' management of data security;
  • examine agencies annually for compliance with regulations;
  • investigate an agency in the event of a breach covered by the bill or suspected noncompliance with regulations, and report on any findings of such investigation; and
  • coordinate with the National Institute of Standards and Technology and the National Cybersecurity and Communications Integration Center of the Department of Homeland Security.

The office is authorized to: (1) investigate an agency's compliance with regulations regarding any data breach, and (2) enjoin an agency from violating specified regulations.

Specified consumer reporting agencies, in part, must:

  • provide the office with information relating to security measures,
  • demonstrate reasonable data protection measures, and
  • notify the FTC of a covered breach.

The bill establishes civil penalties for violations and directs the FTC to enforce compliance.

]]> Data Breach Prevention and Compensation Act of 2018 Display Title Data Breach Prevention and Compensation Act of 2018 Official Title as Introduced A bill to create an Office of Cybersecurity at the Federal Trade Commission for supervision of data security at consumer reporting agencies, to require the promulgation of regulations establishing standards for effective cybersecurity at consumer reporting agencies, to impose penalties on credit reporting agencies for cybersecurity breaches that put sensitive consumer data at risk, and for other purposes. Introduced in Senate IS Short Titles as Introduced Data Breach Prevention and Compensation Act of 2018 Introduced in Senate 2018-01-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2289is/xml/BILLS-115s2289is.xml 2018-07-12 Committee on Banking, Housing, and Urban Affairs. Hearings held. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.