CBO puts price tag on 2 cyber bills

Congress

CBO puts price tag on 2 cyber bills

The Promoting and Enhancing Cybersecurity and Information Sharing Effectiveness Act — the Precise Act of 2012 — would authorize money for Homeland Security. CBO...

Federal News Network Staff

April 24, 2012 9:00 am

< a min read

Congress will be debating several cybersecurity bills this week. The Congressional Budget Office has put a price tag on two of them.

The Promoting and Enhancing Cybersecurity and Information Sharing Effectiveness Act — the Precise Act of 2012 — would authorize money for Homeland Security. CBO scored the bill at $28 million over five years.

More expensive was the Federal Information Security Amendments Act of 2012. This rewrite of FISMA carried a 10-year price tag of $710 million. That was because it would impose new cyber procedures across the government, mainly continuous network monitoring.

This story is part of Federal News Radio’s daily Cybersecurity Update. For more cybersecurity news, click here.