The President’s FY 2017 Budget Contains Substantial Funding for Cybersecurity

Feb 9, 2016

Reading Time : 1 min

By: Jo-Ellyn Sakowitz Klein, Michelle A. Reed, Natasha G. Kohne, David S. Turetsky, Visiting Professor, College of Emergency Preparedness, Homeland Security, and Cybersecurity at the University of Albany

Highlights of the CNAP include the establishment of a Commission on Enhancing National Cybersecurity and a Federal Privacy Council, and the creation of a new $3.1 billion revolving fund, the Information Technology Modernization Fund, to retire the government’s antiquated IT systems and transition to more secure and efficient modern IT systems. The Commission will make recommendations on actions that can be taken over the next decade to strengthen cybersecurity in both the public and private sectors while protecting privacy; maintaining public safety and economic and national security; fostering discovery and development of new technical solutions; and bolstering partnerships between federal, state and local government and the private sector in the development, promotion and use of cybersecurity technologies, policies, and best practices.

Share This Insight

Previous Entries

Deal Diary

April 12, 2023

Read More

Deal Diary

2022-12-15

On December 14, 2022, the Securities and Exchange Commission (SEC) adopted amendments regarding Rule 10b5-1 insider trading plans and related disclosures. The amendments aim to strengthen investor protections concerning insider trading and to help shareholders understand when and how insiders are trading in securities for which they may at times have material nonpublic information (MNPI). In light of these amendments, issuers should review and revise, if needed, their insider trading policies and equity grant policies.

Read more.

...

Read More

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.