Sec. 216. TREASURY REPORT ON RISKS OF CYBER THREATS
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## SEC. 216 TREASURY REPORT ON RISKS OF CYBER THREATS Not later than 1 year after the date of enactment of this Act, the Secretary of the Treasury shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report on the risks of cyber threats to financial institutions and capital markets in the United States, including— ####
(1)an assessment of the material risks of cyber threats to financial institutions and capital markets in the United States; ####
(2)the impact and potential effects of material cyber attacks on financial institutions and capital markets in the United States; ####
(3)an analysis of how the appropriate Federal banking agencies and the Securities and Exchange Commission are addressing the material risks of cyber threats described in paragraph (1), including— #####
(A)how the appropriate Federal banking agencies and the Securities and Exchange Commission are assessing those threats; #####
(B)how the appropriate Federal banking agencies and the Securities and Exchange Commission are assessing the cyber vulnerabilities and preparedness of financial institutions; #####
(C)coordination amongst the appropriate Federal banking agencies and the Securities and Exchange Commission, and their coordination with other government agencies (including with respect to regulations, examinations, lexicon, duplication, and other regulatory tools); and #####
(D)areas for improvement; and ####
(4)a recommendation of whether any appropriate Federal banking agency or the Securities and Exchange Commission needs additional legal authorities or resources to adequately assess and address the material risks of cyber threats described in paragraph (1), given the analysis required by paragraph (3).