Bill > S2556

This bill, the Protecting Resources On The Electric grid with Cybersecurity Technology (PROTECT) Act of 2019, aims to amend the Federal Power Act to provide incentives for investment in advanced cybersecurity technology by public utilities and establish a grant and technical assistance program for rural, municipal, and small-to-medium-sized utilities to enhance their cybersecurity capabilities. The key provisions include: 1) directing the Federal Energy Regulatory Commission to study and establish incentive-based rate treatments to encourage utility investment in cybersecurity technology and participation in threat information sharing programs; 2) creating the Rural and Municipal Utility Advanced Cybersecurity Grant and Technical Assistance Program to provide funding and support to eligible entities, with a focus on those with limited resources or critical infrastructure; and 3) protecting sensitive cybersecurity information provided to or collected by the federal government from public disclosure.