S.J.Res. 50Senate118th Congress (2023-2025)In Committee

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure".

Introduced November 9, 2023

AI-Generated Summary

Updated January 20, 2026 at 12:57 PM UTC

The joint resolution seeks to use the Congressional Review Act to reject the Securities and Exchange Commission’s recently issued rule on cybersecurity risk management, strategy, governance, and incident disclosure. If passed, the rule would be nullified and have no legal effect, impacting how public companies and other regulated entities handle cybersecurity reporting and governance.

Key Provisions

  • Congress formally disapproves the SEC’s cybersecurity risk management and incident disclosure rule (published Aug. 4, 2023).
  • The disapproved rule is declared to have no force or effect.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

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

November 9, 2023

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SenateIntro Referral

Introduced in Senate

November 9, 2023

SenateIntro Referral

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

November 9, 2023

Floor Debate

2 members

What members said about S.J.Res. 50 on the floor

2 Democrats
Brian Schatz
Sen. Brian SchatzD-HI · Dec 20, 2023

Madam President, I ask unanimous consent that notwithstanding rule XXII and 5 United States Code 802, at a time to be determined by the majority leader in consultation with the Republican leader, no…

Jeff Merkley
Sen. Jeff MerkleyD-OR · Jan 31, 2024

Madam President, I ask unanimous consent to vitiate the order of December 20, 2023, with respect to S.J. Res. 50.

Bill Text

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Introduced in SenateIssued November 9, 2023

IIA

118th CONGRESS

1st Session

S. J. RES. 50

IN THE SENATE OF THE UNITED STATES

November 9, 2023

Mr. Tillis (for himself and Mrs. Britt) introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

JOINT RESOLUTION

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure.

That Congress disapproves the rule submitted by the Securities and Exchange Commission relating to Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure (88 Fed. Reg. 51896 (August 4, 2023)), and such rule shall have no force or effect.