HR8240-118

Introduced

To require a GAO audit of the information technology infrastructure of the Securities and Exchange Commission and the Commission’s handling of data.

118th Congress Introduced May 2, 2024

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To require a GAO audit of the information technology infrastructure of the Securities and Exchange Commission and the Commission’s handling of data., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Technology, Transportation.

Who Benefits and How

financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H3ED1C2915F034D3FA00E0334FEC3A7F8: 1. Short title This Act may be cited as the SEC Cybersecurity Act of 2024.
  • Section HD0712497286748CDA828526123CC1453: 2. GAO audit of information technology infrastructure and handling of data The Comptroller General of the United States shall, not later than 1 year after the...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To require a GAO audit of the information technology infrastructure of the Securities and Exchange Commission and the Commission’s handling of data., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Technology, Transportation

Primary Purpose

This bill, To require a GAO audit of the information technology infrastructure of the Securities and Exchange Commission and the Commission’s handling of data., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Technology Transportation

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
financial institutions, investors, and borrowers:
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies:
financial institutions, investors, and borrowers:

Legislative Progress

Introduced
Introduced Committee Passed
May 2, 2024

Mrs. Wagner (for herself, Mr. Garbarino, Mr. Meuser, Mr. Huizenga, …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Technology Transportation
Actor Mappings
"the_commission"
→ The commission identified in the operative section

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology