Political Quotes

“Mr. Chair, I rise in opposition to this amendment. It is an amendment that would block the SEC's rule to require companies to disclose material cybersecurity incidents to their investors. As SEC Chair Gary Gensler puts it: Whether a company loses a factory in a fire--or millions of files in a cybersecurity incident--it may be material to investors. Mr. Chair, many public companies already provide their investors with cybersecurity incident disclosures. These rules merely make such disclosures more consistent and comparable in a way that can be useful for those making investment decisions. Why in the world would you want to invest in a company that hides its cybersecurity incidents? Efforts like this amendment would undermine transparency and provide investors with less useful information regarding material cybersecurity events. I strongly oppose this amendment, and I urge a ``no'' vote. Mr. Chair, I reserve the balance of my time.”