The bipartisan bill, named the Cyber Incident Reporting Act, was introduced by senators Gary Peters (D-MI) and Rob Portman (R-OH), who also plan on introducing separate legislation to update the Federal Information Security Modernization Act with requirements for federal agencies and their contractors to report cyberattacks.
The Cyber Incident Reporting Act aims to help the government deal with cyberattacks and help it hold threat actors who target U.S. networks accountable.