H.R. 5501 · 117th Congress
Ransom Disclosure Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
RossSponsorNo cosponsors.
This bill requires certain entities to disclose ransom payments to the Department of Homeland Security (DHS).
What it does: CRS summary · Introduced in House · Oct 5, 2021
Ransom Disclosure Act
This bill requires certain entities to disclose ransom payments to the Department of Homeland Security (DHS).
Specifically, within 48 hours of paying a ransom, disclosure must be made to DHS by any entity that (1) is engaged in interstate commerce, (2) is engaged in an activity affecting interstate commerce, or (3) receives federal funds.
DHS must publish annually information disclosed, including the total dollar amount paid, without revealing identifying information.
DHS must conduct a study to determine if there are commonalities with respect to the information disclosed and the extent to which cryptocurrency has facilitated the kinds of attacks that resulted in such payments.
DHS must establish a website through which individuals may voluntarily report the payment of a ransom by the individual.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Ransom Disclosure Act
Latest action (Oct 6, 2021): Referred to the Subcommittee on Consumer Protection and Commerce.
Policy area: Government Operations and Politics · Origin: House · Introduced: Oct 5, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.