House panel passes ICBA-supported cybersecurity bill

The House Homeland Security Committee unanimously passed the Widespread Information Management for the Welfare of Infrastructure and Government Act (H.R. 5079), ICBA-supported legislation that aims to modernize and extend the Cybersecurity Information Sharing Act of 2015.

Why It Matters to Community Bankers: CISA plays a critical role in strengthening public-private cybersecurity coordination and ensuring that community banks have timely access to actionable cyber threat information.

Congress on Deadline: ICBA will continue engaging with Congress as lawmakers determine the best path forward to reauthorize CISA 2015 before it expires at the end of this month.

ICBA Advocacy:

• ICBA this week submitted a quote in support of CISA that was featured in the press release of Committee Chairman Andrew Garbarino (R-N.Y.).

• ICBA and other groups in March urged Congress to reauthorize CISA, warning that failure to act could eliminate a valuable tool used to protect U.S. critical infrastructure sectors.
  

Background on CISA: The bipartisan CISA legislation—enacted after an Office of Personnel Management breach in 2015—provides private-sector entities with information and liability protections for sharing cyber threats. It also includes an antitrust exemption that provides similar protections for sharing between private companies.

ICBA Resources: Cyber and data security resources for community bankers are available on the ICBA website.