The “Streamlining Federal Cybersecurity Regulations Act” aims to unify cybersecurity regulations across the U.S. by establishing an interagency Harmonization Committee. This committee, led by the National Cyber Director, will work to align cybersecurity requirements issued by various regulatory agencies. The goal is to create a cohesive regulatory framework that integrates minimum cybersecurity standards with sector-specific needs, ensuring consistency and reducing regulatory burdens.
The Act defines key terms and outlines the responsibilities of the Harmonization Committee. It mandates that the Committee develop a regulatory framework within one year of enactment. This framework will address reciprocal compliance mechanisms and identify and remedy any inconsistent or overly burdensome cybersecurity requirements.
A pilot program will be launched to test the new regulatory framework with at least three participating agencies. The program will assess the implementation of harmonized requirements and provide insights into the framework’s effectiveness, with waivers and alternative procedures available for participating entities.
Additionally, the Act requires regular status updates on cybersecurity incident reporting efforts and provides clarity on the scope of regulatory authority. It ensures that the new regulations do not expand existing agency authorities but focuses on streamlining and improving current practices.
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