H. R. 807 requires the Secretary of the Treasury to provide a report within one year on how the public and private sectors work together when handling ransomware attacks on financial institutions. The report will assess the current levels of cooperation, the effectiveness of...
Simple Explanation
In this bill, Congress wants a special report from the Treasury about how well people and companies are working together to stop computer bad guys, called ransomware, from messing with banks. It also wants to know if there are any problems they need to fix and if they need new rules to make things better.