April 3, 2024 Cost Estimate As ordered reported by the House Committee on Oversight and Accountability on March 7, 2024 View Document241.28 KB At a Glance H.R. 4552, Federal Information Security Modernization Act of 2024 As ordered reported by the House Committee on Oversight and Accountability on March 7, 2024 By Fiscal Year, Millions of Dollars20242024-20292024-2034Direct Spending (Outlays)***Revenues000Increase or Decrease (-) in the Deficit***Spending Subject to Appropriation (Outlays)*43not estimatedIncreases net direct spending in any of the four consecutive 10-year periods beginning in 2035?*Statutory pay-as-you-go procedures apply?YesMandate EffectsIncreases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?*Contains intergovernmental mandate?NoContains private-sector mandate?No* = between zero and $500,000.The bill wouldUpdate policies, procedures, and programs for information security at federal agenciesRequire all federal agencies to report significant cyber incidents on their networksRequire agencies to train federal information technology workers on responding to cyber incidentsEstimated budgetary effects would mainly stem fromContracting with information security service companiesHiring information security analystsProviding cyber incident response training to federal employeesReporting and responding to cyber incidents at federal agenciesAreas of significant uncertainty includeAnticipating the adoption schedules of new cybersecurity procedures and programsPredicting the staffing and contracting requirements of federal information security offices Data and Supplemental Information table 1 Legislative Information Available From Congress.gov Related Publications S. 2251, Cybersecurity Act of 2023August 16, 2023
H.R. 4552, Federal Information Security Modernization Act of 2024 As ordered reported by the House Committee on Oversight and Accountability on March 7, 2024 By Fiscal Year, Millions of Dollars20242024-20292024-2034Direct Spending (Outlays)***Revenues000Increase or Decrease (-) in the Deficit***Spending Subject to Appropriation (Outlays)*43not estimatedIncreases net direct spending in any of the four consecutive 10-year periods beginning in 2035?*Statutory pay-as-you-go procedures apply?YesMandate EffectsIncreases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?*Contains intergovernmental mandate?NoContains private-sector mandate?No* = between zero and $500,000.The bill wouldUpdate policies, procedures, and programs for information security at federal agenciesRequire all federal agencies to report significant cyber incidents on their networksRequire agencies to train federal information technology workers on responding to cyber incidentsEstimated budgetary effects would mainly stem fromContracting with information security service companiesHiring information security analystsProviding cyber incident response training to federal employeesReporting and responding to cyber incidents at federal agenciesAreas of significant uncertainty includeAnticipating the adoption schedules of new cybersecurity procedures and programsPredicting the staffing and contracting requirements of federal information security offices
