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New Legislation › Covered Entities › Biden Administration

Holland & Knight LLP

CFPB Plans to Reopen Section 1071 Small Business Lending Rule

Holland & Knight LLP on

The Consumer Financial Protection Bureau (CFPB) has revealed its intention to make changes to the small business loan data collection and reporting rule (1071 Rule) in light of continued opposition from financial institutions...more

Perkins Coie

Answers to Common Questions Regarding New CIRCIA

Perkins Coie on

President Biden signed into law the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA) on March 15, 2022. The enactment of CIRCIA follows attacks on critical infrastructure, such as the May 2021...more

Eversheds Sutherland (US) LLP

The Cyber Incident Reporting for Critical Infrastructure Act of 2022

Eversheds Sutherland (US) LLP on

The Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA), passed as part of the omnibus spending bill on March 15, 2022, will require critical infrastructure companies - which could include financial...more

Benesch

New Critical Infrastructure Cybersecurity Implementing New Breach Notification Requirements Signed into Law

Benesch on

The new law will require critical infrastructure entities to report certain covered cybersecurity incidents to government agencies within 72 hours; ransomware payments within 24 hours. On March 15, President Biden signed...more

BakerHostetler

Sounding the Alarm: New Federal Law Will Mandate the Reporting of Cybersecurity Incidents Involving Critical Infrastructure - What...

BakerHostetler on

In response to increased and persistent cybersecurity threats to American infrastructure, Congress passed the Strengthening American Cybersecurity Act (SACA), which President Joe Biden signed into law on March 15. SACA is...more

Alston & Bird

New Cybersecurity Law Will Require Cyber-Incident Reporting for Critical Infrastructure

Alston & Bird on

On March 1, the Senate unanimously passed the Strengthening American Cybersecurity Act of 2022, which will require critical infrastructure companies to report significant cyber-incidents and all ransom payments to the...more

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