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H. Rept. 118-727 1 (2024-11-01)

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                    118TH CONGRESS                                        REPORT
                       2d Session     HOUSE   OF REPRESENTATIVES          118-727





                    PROVIDING  FOR  CONGRESSIONAL   DISAPPROVAL  UNDER   CHAPTER  8 OF
                      TITLE 5, UNITED STATES CODE, OF THE  RULE SUBMITTED   BY THE SE-
                      CURITIES AND  EXCHANGE   COMMISSION   RELATING   TO CYBERSECU-
                      RITY RISK MANAGEMENT, STRATEGY, GOVERNANCE, AND INCIDENT
                      DISCLOSURE


                    NOVEMBER 1, 2024.-Committed to the Committee of the Whole House on the State
                                      of the Union and ordered to be printed



                        Mr.  McHENRY,   from the Committee  on Financial Services,
                                         submitted  the following


                                             REPORT

                                             together  with

                                           MINORITY VIEWS

                                         [To accompany H.J. Res. 100]

                              [Including cost estimate of the Congressional Budget Office]

                      The  Committee  on Financial Services, to whom  was referred the
                    joint resolution (H.J. Res. 100)  providing for congressional  dis-
                    approval under  chapter 8 of title 5, United States Code, of the rule
                    submitted by  the Securities and Exchange  Commission   relating to
                    Cybersecurity Risk Management, Strategy,   Governance,  and  Inci-
                    dent Disclosure, having  considered  the same,  reports favorably
                    thereon without amendment and recommends that the joint resolu-
                    tion do pass.

                                                CONTENTS
                                                                                   Page
                    Purpose and Sum m ary  ........................................................................................... .  2
                    Background and Need for  Legislation  ....................................................................  2
                    R elated  H earing  ...................................................................................................... .  3
                    Com m ittee  Consideration  ........................................................................................  3
                    C om m ittee  V otes  .....................................................................................................  3
                    Com m ittee  Oversight Findings  ...............................................................................  5
                    Perform ance  Goals  and  Objectives  .........................................................................  5
                    Congressional Budget Office  Estimates  .................................................................  5
                    New Budget Authority, Entitlement Authority, and Tax Expenditures .............    6
                    Federal M andates  Statem ent  .................................................................................  6
                    Advisory Com m ittee  Statem ent  ..............................................................................  6
                    Applicability  to  Legislative  Branch  ........................................................................  6
                    Earm ark Identification  ............................................................................................  6
                       59-006