Bills · HR 807
IN COMMITTEE· 119TH CONGRESS
House BillHR 807Finance and Financial Sector
Public and Private Sector Ransomware Response Coordination Act of 2025
INTRO JAN 28· LAST ACTION JAN 28
READING
4MIN
COSPONSORS
2
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because ransomware attacks pose a serious threat to the financial stability of individuals and the entire country. When financial institutions are hit by ransomware, it can disrupt banking services, compromise personal financial data, and even destabilize markets. This bill aims to shed light on how well the government and financial industry are currently working together to combat these threats.
If this bill becomes law, it will lead to a comprehensive analysis of current strengths and weaknesses in ransomware defense and response, potentially leading to better strategies and policies. If it doesn't pass, there might be less understanding of existing gaps in coordination and reporting, leaving the financial sector more vulnerable to costly and disruptive cyberattacks.
KEY PROVISIONS
5AI-extractedPROVISION 01
Requires the Secretary of the Treasury to submit a report on coordination between the public and private sectors in responding to ransomware attacks on financial institutions.
This initiates a formal assessment of how well government and financial companies work together against a major cyber threat.
PROVISION 02
The report must describe current coordination levels, both between public and private sectors and among government agencies themselves, regarding ransomware prevention and response.
This identifies existing collaboration structures and potential gaps that could be exploited by attackers.
PROVISION 03
The report will analyze whether government agencies receive timely and useful information from financial institutions after a ransomware attack.
Understanding information flow is crucial for effective investigation, prevention, and prosecution of cybercriminals.
PROVISION 04
The report will investigate why financial institutions might withhold or delay reporting ransomware attacks to relevant governmental agencies.
Identifying barriers to reporting can help create more effective and trusted communication channels.
PROVISION 05
The report must include recommended policy initiatives to improve public-private partnerships, incident report sharing, and incident response times.
This provision aims to provide actionable steps for strengthening overall cybersecurity defenses.
SPONSORSHIP
1 + 2
R· Iowa
YRS IN OFFICE
3
BILLS LED
61
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 2 REP 0 IND 0
ACTION TIMELINE
2 EVENTSJAN 28
Introduced in House
JAN 28
Referred to the House Committee on Financial Services.
BILL INFO
TypeHouse Bill
NumberHR 807
Congress119th
StatusIn Committee
IntroducedJan 28, 2025
Last actionJan 28, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED JAN 28, 2025
House BillHR 807Finance and Financial Sector
Public and Private Sector Ransomware Response Coordination Act of 2025
INTRODUCED JAN 28, 2025· LAST ACTION JAN 28, 2025
PASSAGE CHANCES
—%
READING
4 min
COSPONSORS
2
COMPLEXITY
Moderate
