Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure".
Latest Action
Placed on the Union Calendar, Calendar No. 614.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™This House Joint Resolution (HJRES 100) from the 118th Congress proposes congressional disapproval of a rule submitted by the Securities and Exchange Commission (SEC) concerning cybersecurity risk management, strategy, governance, and incident disclosure. The resolution seeks to nullify the SEC's regulatory requirements related to how certain entities manage and disclose cybersecurity risks and incidents. The bill was placed on the Union Calendar but ultimately failed or expired without enactment. No full bill text or official summary is available, limiting detailed analysis of specific provisions.
HJRES 100 aimed to reject the SEC's cybersecurity rule but did not pass, leaving the SEC's rule intact as of the latest update.
- The resolution targets a specific SEC rule on cybersecurity risk management and incident disclosure.
- It was introduced in the House and placed on the Union Calendar but failed or expired.
- No official summary or full text is available, restricting detailed content analysis.
["Entities regulated by the SEC, including publicly traded companies and financial institutions, may benefit from the resolution's failure as the cybersecurity rule remains in effect.", 'The SEC as a regulatory agency retains its authority to enforce cybersecurity disclosure requirements.']
['Lack of detailed bill text and summary limits understanding of specific implementation or enforcement changes.', 'Disapproval of the SEC rule could affect regulatory clarity and consistency in cybersecurity risk management disclosures.', 'Potential tradeoffs between regulatory oversight and compliance burdens for affected entities.']
The resolution was introduced under the Congressional Review Act framework, which allows Congress to disapprove recently issued federal regulations. The bill's failure or expiration indicates it did not secure sufficient legislative support to override the SEC rule. The policy area is finance and financial sector regulation, reflecting ongoing congressional oversight of SEC regulatory actions.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Maintaining the SEC cybersecurity rule could encourage continued investment in cybersecurity risk management and incident disclosure practices among regulated entities.', "Failure of the resolution may signal congressional support for the SEC's regulatory approach in this policy area, potentially influencing future regulatory actions.", 'Disapproval attempts may affect stakeholder confidence in regulatory stability and predictability.']
Transparency is limited by the absence of a full bill text and official summary, which restricts comprehensive public understanding of the resolution's provisions and potential impacts. The legislative status as 'Failed / Expired' indicates no change to existing SEC cybersecurity regulations. Monitoring future congressional actions on similar regulatory disapprovals is advisable for ongoing oversight.
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