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".
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Summary
This joint resolution nullifies the final rule issued by the Securities and Exchange Commission titled Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure and published on August 4, 2023. The rule requires standardized disclosures from public companies regarding material cybersecurity incidents and standards and processes to manage cybersecurity risks.
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