,,ii  #aafth ,,congress  #b;d ,session  
,s4 #cibh  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #aj1     
#bjbj,mr4 ,peters introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to require the ,president to   
develop a plan for the continuity of the
 economy in response to a significant   
event1 and for other purposes4  #a4     
,short title ,this ,act may be cited as 
the ,continuity of the ,economy ,act of 
#bjbj4  #b4 ,continuity of the ,economy 
,plan  7a7 ,definitions ,in this        
section3 7#a7 ,the term agency has the  
meaning given the term in section #eea  
of title #e1 ,united ,states ,code4     
7#b7 ,the term economic sector means a  
sector of the economy of the ,united    
,states4  7#c7 ,the term relevant actor 
means-- 7,a7 the ,federal ,government2  
7,b7 a ,state1 local1 or ,tribal        
government2 or  7,c7 the private sector4
  7#d7 ,the term significant event means

 an event that causes severe degradation
 to economic activity in the ,united    
,states due to-- 7,a7 a cyber attack2 or
  7,b7 another significant event that is
 natural or human-caused4  7#e7 ,the    
term ,state means any ,state of the     
,united ,states1 the ,district of       
,columbia1 the ,commonwealth of ,puerto 
,rico1 the ,virgin ,islands1 ,guam1     
,american ,samoa1 the ,commonwealth of  
the ,northern ,mariana ,islands1 and any
 possession of the ,united ,states4  7b7
 ,requirement  7#a7 ,in general ,the    
,president shall develop and maintain a 
plan to maintain and restore the economy
 of the ,united ,states in response to a
 significant event4  7#b7 ,principles   
,the plan required under paragraph 7#a7 
shall-- 7,a7 be consistent with-- 7i7 a 
free market economy2 and  7ii7 the rule 
of law2 and  7,b7 respect private       
property rights4  7#c7 ,contents ,the   
plan required under paragraph 7#a7      
shall-- 7,a7 examine the distribution of
 goods and services across the ,united  

,states necessary for the reliable      
functioning of the ,united ,states      
during a significant event2  7,b7       
identify the economic functions of      
relevant actors1 the disruption1        
corruption1 or dysfunction of which     
would have a debilitating effect in the 
,united ,states on-- 7i7 security2  7ii7
 economic security2  7iii7 defense      
readiness2 or  7iv7 public health or    
safety2  7,c7 identify the critical     
distribution mechanisms for each        
economic sector that should be          
prioritized for operation during a      
significant event1 including-- 7i7 bulk 
power and electric transmission systems2
  7ii7 national and international       
financial systems1 including wholesale  
payments1 stocks1 and currency          
exchanges2  7iii7 national and          
international communications networks1  
data-hosting services1 and cloud        
services2  7iv7 interstate oil and      
natural gas pipelines2 and  7v7         
mechanisms for the interstate and       

international trade and distribution of 
materials1 food1 and medical supplies1  
including road1 rail1 air1 and maritime 
shipping2  7,d7 identify economic       
functions of relevant actors1 the       
disruption1 corruption1 or dysfunction  
of which would cause-- 7i7 catastrophic 
economic loss2  7ii7 the loss of public 
confidence2 or  7iii7 the widespread    
imperilment of human life2  7,e7        
identify the economic functions of      
relevant actors that are so vital to the
 economy of the ,united ,states that the
 disruption1 corruption1 or dysfunction 
of those economic functions would       
undermine response1 recovery1 or        
mobilization efforts during a           
significant event2  7,f7 incorporate1 to
 the greatest extent practicable1 the   
principles and practices contained      
within ,federal plans for the continuity
 of ,government and continuity of       
operations2  7,g7 identify-- 7i7        
industrial control networks on which the
 interests of national security outweigh

 the benefits of dependence on internet 
connectivity1 including networks that   
are required to maintain defense        
readiness2 and  7ii7 for each industrial
 control network described in clause    
7i71 the most feasible and optimal      
locations for the installation of-- 7,i7
 parallel services2  7,,ii7 stand-alone 
analog services2 and  7,,iii7 services  
that are otherwise hardened against     
failure2  7,h7 identify critical        
economic sectors for which the          
preservation of data in a protected1    
verified1 and uncorrupted status would  
be required for the quick recovery of   
the economy of the ,united ,states in   
the face of a significant disruption    
following a significant event2  7,i7    
include a list of raw materials1        
industrial goods1 and other items1 the  
absence of which would significantly    
undermine the ability of the ,united    
,states to sustain the functions        
described in subparagraphs 7,b71 7,d71  
and 7,e72  7,j7 provide an analysis of  

supply chain diversification for the    
items described in subparagraph 7,i7 in 
the event of a disruption caused by a   
significant event2  7,k7 include-- 7i7 a
 recommendation as to whether the       
,united ,states should maintain a       
strategic reserve of one or more of the 
items described in subparagraph 7,i72   
and  7ii7 for each item described in    
subparagraph 7,i7 for which the         
,president recommends maintaining a     
strategic reserve under clause 7i71 an  
identification of mechanisms for        
tracking inventory and availability of  
the item in the strategic reserve2  7,l7
 identify mechanisms in existence on the
 date of enactment of this ,act and     
mechanisms that can be developed to     
ensure that the swift transport and     
delivery of the items described in      
subparagraph 7,i7 is feasible in the    
event of a distribution network         
disturbance or degradation1 including a 
distribution network disturbance or     
degradation caused by a significant     

event2  7,m7 include guidance for       
determining the prioritization for the  
distribution of the items described in  
subparagraph 7,i71 including            
distribution to ,states and ,indian     
,tribes2  7,n7 consider the advisability
 and feasibility of mechanisms for      
extending the credit of the ,united     
,states or providing other financial    
support authorized by law to key        
participants in the economy of the      
,united ,states if the extension or     
provision of other financial support--  
7i7 is necessary to avoid severe        
economic degradation2 or  7ii7 allows   
for the recovery from a significant     
event2  7,o7 include guidance for       
determining categories of employees that
 should be prioritized to continue to   
work in order to sustain the functions  
described in subparagraphs 7,b71 7,d71  
and 7,e7 in the event that there are    
limitations on the ability of           
individuals to travel to workplaces or  
to work remotely1 including             

considerations for defense readiness2   
7,p7 identify critical economic sectors 
necessary to provide material and       
operational support to the defense of   
the ,united ,states2  7,q7 determine    
whether the ,secretary of ,homeland     
,security1 the ,national ,guard1 and the
 ,secretary of ,defense have adequate   
authority to assist the ,united ,states 
in a recovery from a severe economic    
degradation caused by a significant     
event2  7,r7 review and assess the      
authority and capability of heads of    
other agencies that the ,president      
determines necessary to assist the      
,united ,states in a recovery from a    
severe economic degradation caused by a 
significant event2 and  7,s7 consider   
any other matter that would aid in      
protecting and increasing the resilience
 of the economy of the ,united ,states  
from a significant event4  7c7          
,coordination ,in developing the plan   
required under subsection 7b77#a71 the  
,president shall-- 7#a7 receive advice  

from-- 7,a7 the ,secretary of ,homeland 
,security2  7,b7 the ,secretary of      
,defense2 and  7,c7 the head of any     
other agency that the ,president        
determines necessary to complete the    
plan2  7#b7 consult with economic       
sectors relating to critical            
infrastructure through                  
sector-coordinated councils1 as         
appropriate2  7#c7 consult with relevant
 ,state1 ,tribal1 and local governments 
and organizations that represent those  
governments2 and  7#d7 consult with any 
other non-,federal entity that the      
,president determines necessary to      
complete the plan4  7d7 ,submission to  
,congress  7#a7 ,in general ,not later  
than #b years after the date of         
enactment of this ,act1 and not less    
frequently than every #c years          
thereafter1 the ,president shall submit 
the plan required under subsection      
7b77#a7 and the information described in
 paragraph 7#b7 to-- 7,a7 the majority  
and minority leaders of the ,senate2    

7,b7 the ,speaker and the minority      
leader of the ,house of                 
,representatives2  7,c7 the ,committee  
on ,armed ,services of the ,senate2     
7,d7 the ,committee on ,armed ,services 
of the ,house of ,representatives2  7,e7
 the ,committee on ,homeland ,security  
and ,governmental ,affairs of the       
,senate2  7,f7 ,committee on ,homeland  
,security of the ,house of              
,representatives2 and  7,g7 any other   
committee of the ,senate or the ,house  
of ,representatives that has            
jurisdiction over the subject of the    
plan4  7#b7 ,additional information ,the
 information described in this paragraph
 is-- 7,a7 any change to ,federal law   
that would be necessary to carry out the
 plan required under subsection 7b77#a72
 and  7,b7 any proposed changes to the  
funding levels provided in appropriation
 ,acts for the most recent fiscal year  
that can be implemented in future       
appropriation ,acts or additional       
resources necessary to-- 7i7 implement  

the plan required under subsection      
7b77#a72 or  7ii7 maintain any program  
offices and personnel necessary to--    
7,i7 maintain the plan required under   
subsection 7a77#a7 and the plans        
described in subsection 7b77#c77;,f72   
and  7,,ii7 conduct exercises1          
assessments1 and updates to the plans   
described in subclause 7,i7 over time4  
7#c7 ,budget of the ,president ,the     
,president may include the information  
described in paragraph 7#b77;,b7 in the 
budget required to be submitted by the  
,president under section #aaje7;a7 of   
title #ca1 ,united ,states ,code4