#aafth ,,congress  #b;d ,session  ,h4   
,r4 #ddeh  ,,an ,,act  ,to require the  
,board of ,governors of the ,federal    
,reserve ,system to issue reports on    
cybersecurity with respect to the       
functions of the ,federal ,reserve      
,system1 and for other purposes4  #a4   
,short title ,this ,act may be cited as 
the ,cybersecurity and ,financial       
,system ,resilience ,act of #bjai4  #b4 
,cybersecurity and financial system     
resilience report  7a7 ,in general ,not 
later than the end of the #ahj-;day     
period beginning on the date of         
enactment of this ,act1 and annually    
thereafter1 each banking regulator shall
 submit a report to the ,committee on   
,financial ,services of the ,house of   
,representatives and the ,committee on  
,banking1 ,housing1 and ,urban ,affairs 
of the ,senate that provides a detailed 
explanation of measures undertaken to   
strengthen cybersecurity with respect to
 the functions of the regulator1        
including the supervision and regulation

 of financial institutions and1 where   
applicable1 third-party service         
providers4 ,each such report shall      
specifically include a detailed analysis
 of--  7#a7 policies and procedures     
7including those described under section
 #ceed7;b7 of title #dd1 ,united ,states
 ,code7 that guard against-- 7,a7       
efforts to deny access to or degrade1   
disrupt1 or destroy any information and 
communications technology system or     
network1 or exfiltrate information from 
such a system or network without        
authorization2  7,b7 destructive malware
 attacks2  7,c7 denial of service       
activities2 and  7,d7 any other efforts 
that may threaten the functions of the  
banking regulator or entities overseen  
by the regulator by undermining         
cybersecurity and the resilience of the 
financial system2  7#b7 activities to   
ensure the effective implementation of  
policies and procedures described under 
paragraph 7#a71 including--  7,a7 the   
appointment of qualified staff1 the     

provision of staff training1 the use of 
accountability measures to support staff
 performance1 and the designation1 if   
any1 of senior appointed leadership to  
strengthen accountability for oversight 
of cybersecurity measures2  7,b7        
deployment of adequate resources and    
technologies2  7,c7 efforts to respond  
to cybersecurity-related findings and   
recommendations of the ,inspector       
,general of the banking regulator or the
 independent evaluation described under 
section #ceee of title #db1 ,united     
,states ,code2 and  7,d7 as appropriate1
 efforts to strengthen cybersecurity in 
coordination with other ,federal        
departments and agencies1 domestic and  
foreign financial institutions1 and     
other partners1 including the           
development and dissemination of best   
practices regarding cybersecurity and   
the sharing of threat information2 and  
7#c7 any current or emerging threats    
that are likely to pose a risk to the   
resilience of the financial system4  7b7

 ,form of report ,the report required   
under subsection 7a7 shall be submitted 
in unclassified form1 but may include a 
classified annex1 if appropriate4  7c7  
,congressional briefing ,upon request1  
the head of each banking regulator shall
 provide a detailed briefing to the     
appropriate ,members of ,congress on    
each report submitted pursuant to       
subsection 7a71 except-- 7#a7 the       
,chairman of the ,board of ,governors of
 the ,federal ,reserve ,system may      
designate another member of the ,board  
of ,governors of the ,federal ,reserve  
,system to provide such briefing2  7#b7 
the ,chairperson of the ,federal        
,deposit ,insurance ,corporation may    
designate another member of the ,board  
of ,directors of the ,corporation to    
provide such briefing2 and  7#c7 the    
,chairman of the ,national ,credit      
,union ,administration may designate    
another member of the ,national ,credit 
,union ,administration ,board to provide
 such briefing4  7d7 ,definitions ,for  

the purposes of this ,act3 7#a7         
,appropriate members of ,congress ,the  
term appropriate ,members of ,congress  
means the following3  7,a7 ,the         
,chairman and ,ranking ,member of the   
,committee on ,financial ,services of   
the ,house of ,representatives4  7,b7   
,the ,chairman and ,ranking ,member of  
the ,committee on ,banking1 ,housing1   
and ,urban ,affairs of the ,senate4     
7#b7 ,banking regulator ,the term       
banking regulator means the ,board of   
,governors of the ,federal ,reserve     
,system1 the ,comptroller of the        
,currency1 the ,federal ,deposit        
,insurance ,corporation1 and the        
,national ,credit ,union                
,administration4  7#c7 ,senior appointed
 leadership ,with respect to a banking  
regulator1 the term senior appointed    
leadership means a position that        
requires ,senate confirmation4  7e7     
,sunset ,the provisions of this ,act    
shall have no force or effect on or     
after the date that is #g years after   

the date of enactment of this ,act4  #c4
 ,determination of budgetary effects    
,the budgetary effects of this ,act1 for
 the purpose of complying with the      
,statutory ,pay-,as-,you-,go ,act of    
#bjaj1 shall be determined by reference 
to the latest statement titled          
,budgetary ,effects of ,,paygo          
,legislation for this ,act1 submitted   
for printing in the ,congressional      
,record by the ,chairman of the ,house  
,budget ,committee1 provided that such  
statement has been submitted prior to   
the vote on passage4  ,passed the ,house
 of ,representatives ,january #ac1      
#bjbj4;,clerk4