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    <number>4785</number>
    <updateDate>2023-01-11T13:44:24Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:44:24Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <type>S</type>
    <introducedDate>2020-10-01</introducedDate>
    <congress>116</congress>
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        <name>Homeland Security and Governmental Affairs Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2020-10-01T20:14:20Z</date>
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        <actionDate>2020-10-01</actionDate>
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            <name>Homeland Security and Governmental Affairs Committee</name>
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        </committees>
        <sourceSystem>
          <name>Senate</name>
        </sourceSystem>
        <text>Read twice and referred to the Committee on Homeland Security and Governmental Affairs.</text>
        <type>IntroReferral</type>
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      <item>
        <actionDate>2020-10-01</actionDate>
        <text>Introduced in Senate</text>
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        <actionCode>10000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>P000449</bioguideId>
        <fullName>Sen. Portman, Rob [R-OH]</fullName>
        <firstName>Rob</firstName>
        <lastName>Portman</lastName>
        <party>R</party>
        <state>OH</state>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>P000595</bioguideId>
        <fullName>Sen. Peters, Gary C. [D-MI]</fullName>
        <firstName>Gary</firstName>
        <lastName>Peters</lastName>
        <party>D</party>
        <state>MI</state>
        <sponsorshipDate>2020-10-01</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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    </cosponsors>
    <policyArea>
      <name>Economics and Public Finance</name>
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    <subjects>
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      <policyArea>
        <name>Economics and Public Finance</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2020-10-01</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2020-11-30T17:11:59Z</updateDate>
        <text><![CDATA[ <p><b>Risk-Informed Spending for Cybersecurity Act </b></p> <p>This bill requires the Office of Management and Budget, in coordination with the Cybersecurity and Infrastructure Security Agency, to develop a standard model for creating a risk-based budget for cybersecurity spending. </p> <p>The risk-based budget must (1) be developed by identifying and prioritizing cybersecurity risks and vulnerabilities through analysis of threat intelligence, incident data, and tactics, techniques, procedures, and capabilities of cyber threats; and (2) allocate resources based on the risks identified and prioritized. </p> <p>Within two years of the development of the model, federal agencies must begin using the model to develop annual cybersecurity and information technology budget requests.</p>]]></text>
      </summary>
    </summaries>
    <title>Risk-Informed Spending for Cybersecurity Act</title>
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      <item>
        <titleType>Display Title</titleType>
        <title>Risk-Informed Spending for Cybersecurity Act</title>
      </item>
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        <titleType>Short Title(s) as Introduced</titleType>
        <title>Risk-Informed Spending for Cybersecurity Act</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to require the Director of the Office of Management and Budget to develop a model for risk-based budgeting, and for other purposes.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
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    </titles>
    <textVersions>
      <item>
        <type>Introduced in Senate</type>
        <date>2020-10-01T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-116s4785is/xml/BILLS-116s4785is.xml</url>
          </item>
        </formats>
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    <latestAction>
      <actionDate>2020-10-01</actionDate>
      <text>Read twice and referred to the Committee on Homeland Security and Governmental Affairs.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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