Page:United States Statutes at Large Volume 118.djvu/3894

 118 STAT. 3864 PUBLIC LAW 108–458—DEC. 17, 2004 extent to which such firms have located their main and backup facilities in separate electrical networks, in dif- ferent watersheds, in independent transportation systems, and using separate telecommunications centers, and the cost and technological implications of further dispersal; (C) examine the need to cover a larger range of private sector financial services firms that play significant roles in critical financial markets than those covered by the Interagency Paper; and (D) recommend legislative and regulatory changes that will— (i) expedite the effective implementation of the Interagency Paper by all covered financial services entities; and (ii) optimize the effective implementation of busi- ness continuity planning by the financial services industry. (3) CONFIDENTIALITY.—Any information provided to the Board of Governors of the Federal Reserve System, the Comp- troller of the Currency, or the Securities and Exchange Commis- sion for the purposes of the preparation and submission of the report required by paragraph (1) shall be treated as privi- leged and confidential. For purposes of section 552 of title 5, United States Code, this subsection shall be considered a statute described in subsection (b)(3)(B) of that section 552. (4) DEFINITION.—As used in this subsection, the terms ‘‘Interagency Paper on Sound Practices to Strengthen the Resil- ience of the U.S. Financial System’’ and ‘‘Interagency Paper’’ mean the interagency paper prepared by the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Securities and Exchange Commission that was announced in the Federal Register on April 8, 2003. SEC. 7804. PRIVATE SECTOR PREPAREDNESS. It is the sense of Congress that the insurance industry and credit-rating agencies, where relevant, should carefully consider a company’s compliance with standards for private sector disaster and emergency preparedness in assessing insurability and credit- worthiness, to ensure that private sector investment in disaster and emergency preparedness is appropriately encouraged. TITLE VIII—OTHER MATTERS Subtitle A—Intelligence Matters SEC. 8101. INTELLIGENCE COMMUNITY USE OF NATIONAL INFRA- STRUCTURE SIMULATION AND ANALYSIS CENTER. (a) IN GENERAL.—The Director of National Intelligence shall establish a formal relationship, including information sharing, between the elements of the intelligence community and the National Infrastructure Simulation and Analysis Center. (b) PURPOSE.—The purpose of the relationship under subsection (a) shall be to permit the intelligence community to take full advan- tage of the capabilities of the National Infrastructure Simulation and Analysis Center, particularly vulnerability and consequence 50 USC 403–1 note. VerDate 11-MAY-2000 13:54 Nov 10, 2005 Jkt 029194 PO 00000 Frm 00398 Fmt 6580 Sfmt 6581 C:\STATUTES\2004\29194PT4.001 APPS10 PsN: 29194PT4

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