S. 4630, Streamlining Federal Cybersecurity Regulations Act
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 31, 2024
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
0
0
0
Revenues
0
0
0
Increase or Decrease (-) in the Deficit
0
0
0
Spending Subject to Appropriation (Outlays)
0
5
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
No
Statutory pay-as-you-go procedures apply?
No
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
No
Contains intergovernmental mandate?
No
Contains private-sector mandate?
No
Summary
S. 4630 would require the National Cyber Director to create policy guidance for federal agencies to reduce duplicative or contradictory cybersecurity regulations. Under the bill, the director would establish an interagency committee to study federal cyber regulations, identify regulations that are overly burdensome on the private sector, and recommend changes to such regulations. S. 4630 also would require the director to implement a pilot program to assess the new policy guidance at three or more federal agencies and to report to the Congress on the results of those efforts. For purposes of this estimate, CBO assumes the bill will be enacted in 2025.
