Ransomware and Financial Stability Act of 2021 2021-11-09 Introduced in House Ransomware and Financial Stability Act of 2021

This bill requires financial institutions to inform the Financial Crimes Enforcement Network of a ransomware attack and any associated demand of payment. Further, the institution may not make such a payment in an amount greater than $100,000 without authorization from the appropriate federal law enforcement agency. The President may waive the notification requirement if it is in the national interest.

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