Rep. Zach Nunn, R-Iowa, talks to reporters as House Republicans meet at the U.S. Capitol on Oct. 12, 2023 in Washington, D.C. (Photo by Chip Somodevilla/Getty Images)
The bipartisan legislation would direct the Treasury secretary to deliver a report on public-private coordination to combat attacks on the financial sector.
An Egyptian Fisherman holds a fishing net on the waters of the Pharaonic Sea in the village of Kafr Fisha, province of Monufia, in 2019. (MOHAMED EL-SHAHED/AFP via Getty Images)
The kits, which the company said were a sophisticated approach to bypassing multifactor authentication, pose a particular threat to the financial services sector.
The bipartisan proposal would require the Treasury secretary to detail public-private efforts to prevent and combat such incidents in a report to Congress.
A security guard at Silicon Valley Bank monitors a line of people outside the office on March 13, 2023 in Santa Clara, California. (Justin Sullivan/Getty Images)
The Fearless Girl statue stands alone in front of the New York Stock Exchange near Wall Street during the coronavirus pandemic on April 25, 2020 in New York City. (Justin Heiman/Getty Images)
Gary Gensler, Chair of the U.S. Securities and Exchange Commission, testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Sept. 14, 2021 in Washington, DC. (Photo by Evelyn Hockstein-Pool/Getty Images)
(L-R) Chairman of National Credit Union Administration (NCUA) Todd Harper, Chairman of Federal Deposit Insurance Corporation (FDIC) Jelena McWilliams and Acting Comptroller of the Currency Michael Hsu testify during a hearing before Senate Banking, Housing and Urban Affairs Committee at Dirksen Senate Office Building August 3, 2021.
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People wait in their cars as they line up outside John F. Kennedy Library to collect unemployment forms in Hialeah, Florida, on April 8, 2020. (Photo by CHANDAN KHANNA/AFP via Getty Images)