On Wednesday, August 2, the Senate Small Business Committee marked up and approved by a voice vote of 19-0 S. 1428, the Small Business Cyber Training Act of 2017, sponsored by Senator Risch (R-ID), with cosponsors Senators Shaheen (D-NH), Kennedy (R-LA), Duckworth (D-IL), and Peters (D-MI). This bipartisan bill would require small business development centers that have received grants from the SBA to have staff who are certified in cyber security planning methods, and authorizes the SBA to fund that training. If passed, it will increase access to cyber security expertise for small businesses and improve the safety of their data collection and storage methods.
NAR sent a letter of support for H.R. 1428 to the Senate Committee ahead of the markup. Many of NAR's members, and many of the clients that NAR's commercial members work with are small businesses, and NAR has a long history of working to provide tools and information to members on how to improve their cyber security practices. If passed, this bill would provide important additional resources to help reach the goal of improving cyber security practices across the real estate industry.
NAR's Letter to the Senate Small Business Committee