United States 117th Congress Status: In Committee 2 R cosponsors

S 4985 — Cryptocurrency Cybersecurity Information Sharing Act

Last action — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 117th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Cryptocurrency Cybersecurity Information Sharing Act This bill revises the Cybersecurity Information Sharing Act of 2015 to include cryptocurrency companies and insurance providers that insure against cybersecurity threats. The act allows companies to share information regarding cybersecurity threats with the federal government and with one another. The Financial Crimes Enforcement Network and the Cybersecurity and Infrastructure Security Agency must set forth procedures for these companies to provide notice to the federal government of such threats.

Bill Text

How this bill changes current law

3 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill introduces provisions for voluntary information sharing of cyber threat indicators specifically among cryptocurrency companies.

  • 6 U.S.C. 1501(15)(A)

    the term "private entity" means any person or private group, organization, proprietorship, partnership, trust, cooperative, corporation, or other commercial or nonprofit entity, including an officer, employee, or agent thereof. → covered company (as defined in section 110),

    The definition of 'private entity' is updated to include 'covered company' for cryptocurrency companies.

  • SEC. 110. SHARING OF CYBER THREAT INDICATORS BY COVERED COMPANIES.

    Establishes a new section specifically addressing the sharing of cyber threat indicators by cryptocurrency companies.

  • 6 U.S.C. 1509

    section 110 and 111 (6 U.S.C. 1509, 1510) → sections 111 and 112, respectively

    Renumbers the sections related to cybersecurity information sharing.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 545 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (545)

545 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance technology
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Frequently asked questions

What does S 4985 do?
Cryptocurrency Cybersecurity Information Sharing Act This bill revises the Cybersecurity Information Sharing Act of 2015 to include cryptocurrency companies and insurance providers that insure against cybersecurity threats. The act allows companies to share information regarding cybersecurity threats with the federal government and with one another. The Financial Crimes Enforcement Network and the Cybersecurity and Infrastructure Security Agency must set forth procedures for these companies to provide notice to the federal government of such threats.
Who sponsors S 4985?
S 4985 is sponsored by Lummis, Cynthia M. (Republican) and Blackburn, Marsha (Republican).
What is the current status of S 4985?
This bill died with 117th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 4985?
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Last checked for changes 3 months ago · updated continuously

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