Bill Text: TX HB904 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to requiring The University of Texas at San Antonio to conduct a study regarding cyber attacks against financial institutions in this state.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-02-25 - Referred to Higher Education [HB904 Detail]
Download: Texas-2019-HB904-Introduced.html
| 86R5791 SOS-D | ||
| By: Minjarez | H.B. No. 904 | |
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| relating to requiring The University of Texas at San Antonio to | ||
| conduct a study regarding cyber attacks against financial | ||
| institutions in this state. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 71, Education Code, is amended by adding | ||
| Section 71.07 to read as follows: | ||
| Sec. 71.07. STUDY AND REPORT REGARDING CYBER ATTACKS | ||
| AGAINST FINANCIAL INSTITUTIONS. (a) In this section: | ||
| (1) "Breach of system security" has the meaning | ||
| assigned by Section 521.053, Business & Commerce Code. | ||
| (2) "Financial institution" has the meaning assigned | ||
| by Section 201.101, Finance Code. | ||
| (b) The University of Texas at San Antonio shall conduct a | ||
| study regarding cyber attacks against financial institutions in | ||
| this state. The study must include: | ||
| (1) an evaluation of: | ||
| (A) the prevalence and impact of and breaches of | ||
| system security resulting from cyber attacks on financial | ||
| institutions; and | ||
| (B) the vulnerability of financial institutions | ||
| to cyber attacks and the security risks cyber attacks present to | ||
| those institutions; | ||
| (2) the identification of: | ||
| (A) any projects necessary to modernize the | ||
| security systems of financial institutions; | ||
| (B) any recommendations to improve the | ||
| cybersecurity infrastructure of financial institutions; and | ||
| (C) best practices to prevent or lessen the | ||
| impact of cyber attacks on financial institutions; and | ||
| (3) an examination of any other aspect of cyber | ||
| attacks on the operation of financial institutions as considered | ||
| appropriate by the university. | ||
| (c) In conducting the study, the university shall consult | ||
| with: | ||
| (1) the Department of Information Resources; | ||
| (2) the Texas Department of Banking; | ||
| (3) the Department of Savings and Mortgage Lending; | ||
| (4) the Credit Union Department; | ||
| (5) community stakeholders; and | ||
| (6) other interested parties. | ||
| (d) To the extent permitted by state or federal law, a | ||
| financial institution shall cooperate with and provide, on request, | ||
| information to The University of Texas at San Antonio to allow the | ||
| university to perform its duties under this section. | ||
| (e) Not later than December 1, 2020, The University of Texas | ||
| at San Antonio shall submit a written report on the results of the | ||
| study to the governor, the lieutenant governor, the speaker of the | ||
| house of representatives, and the presiding officer of each | ||
| standing committee of the senate and house of representatives | ||
| having primary jurisdiction over financial services matters and to | ||
| the Legislative Budget Board. The report must include any | ||
| recommendations for changes to applicable state statutes or rules. | ||
| (f) This section expires September 1, 2021. | ||
| SECTION 2. This Act takes effect September 1, 2019. | ||
