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HJRES100FEDERALFederal Billfiled

High Impact

Resolution to Overturn SEC Cybersecurity Disclosure Rules

Original title: HJRES 100: Cybersecurity Rule Disapproval

Record date · November 1, 2024

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

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What This Bill Would Do

This resolution seeks to invalidate a recent Securities and Exchange Commission (SEC) rule that requires public companies to disclose cybersecurity risks and incidents. If passed, the SEC's 'Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure' rule would be nullified and have no legal effect.

Why it matters

The resolution directly impacts the reporting obligations of all publicly traded companies, determining whether they must continue to follow standardized federal cybersecurity disclosure requirements or be exempt from them.

Background

The Congressional Review Act (CRA) allows Congress to overturn federal agency rules by passing a joint resolution of disapproval. context

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Publicly traded companies

These entities are currently required to comply with the SEC's cybersecurity disclosure rule, which this resolution seeks to nullify.

Directly affected

Securities and Exchange Commission

The agency's regulatory action is the subject of the disapproval resolution.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What does this resolution do?

It uses Congressional authority to cancel a specific rule created by the SEC regarding how companies must report cybersecurity risks and incidents.

What happens if this resolution passes?

The SEC's cybersecurity disclosure rule would be invalidated and would no longer be enforceable against public companies.

What else do you want to know?

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Where This Stands

Currently filed. The next step in the legislative lifecycle is Committee.

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Related Legislation

Federal Bill85% related

Proposed Resolution to Block FDA Regulation of Laboratory-Developed Tests

This resolution seeks to overturn a recent FDA rule that classifies laboratory-developed tests (LDTs) as medical devices, which would effectively null

Connected Entities

Chapter 8 of title 5, United States Code, United States, Securities and Exchange Commission

bill numberChapter 8 of title 5, United States Code“mentioned”Map →

locationUnited States“mentioned”Map →

OrganizationSecurities and Exchange Commission“submitter”Map →

Sources

Open source document

www.congress.gov

Analysis Score

0–100

Significance85
How much this matters to a regular citizen
Controversy75
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz40
Current news / social attention level

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