HR 5936 · 117th Congress

Ransomware and Financial Stability Act of 2021

<p><strong>Ransomware and Financial Stability Act of 2021 </strong></p> <p>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…

Sponsor

McHenry, Patrick T. (R-NC)

Introduced

2021-11-09

Policy area

Finance and Financial Sector

Latest action

Referred to the House Committee on Financial Services.