Bill > S808

This bill, the Cybersecurity Disclosure Act of 2021, amends the Securities Exchange Act of 1934 to promote transparency in the oversight of cybersecurity risks at publicly traded companies. It requires public companies to disclose in their annual reports or proxy statements whether any member of the company's governing body (such as the board of directors) has expertise or experience in cybersecurity. If no member has such expertise, the company must describe what other aspects of the company's cybersecurity were considered by the person responsible for identifying and evaluating nominees for the governing body. The bill also directs the Securities and Exchange Commission (SEC), in consultation with the National Institute of Standards and Technology (NIST), to define what constitutes cybersecurity expertise or experience using common roles, specialties, knowledge, skills, and abilities.

Housing and Urban Affairs

https://www.congress.gov/bill/117th-congress/senate-bill/808/all-info