The increased concern about ransomware incidents from both quantitative and severity standpoints, spurred the White House to urge corporate business leaders to improve their defenses and resilience posture against ransomware attacks. In a June 2, 2021 open letter to Corporate Executives and Business Leaders (the Letter), Anne Neuberger, the White House Deputy National Security Advisor for Cyber and Emergency Technology, appealed for business leaders to act following on the heels of the President’s directives to federal agencies and contractors.
Biden Administration
$15 Federal Contractor Minimum Wage
On April 27, 2021, President Biden issued a new Executive Order that raises the federal contractor minimum wage to $15 per hour, from the current $10.95 per hour, starting January 30, 2022.
Biden’s new Executive Order is nearly a word for word retread of the Obama Administration’s Executive Order 13658 (originally setting a $10.10 federal contractor minimum wage), with some notable exceptions:
- The federal contractor minimum wage is raised to $15 per hour starting January 30, 2022
- The current tipped worker federal contractor minimum wage, setting a lower hourly minimum wage just for tipped workers, is phased out by January 1, 2024; and
- The Trump Administration exemption for certain “recreational services on federal lands” (Executive Order 13838) is revoked.
What remains the “same” is the following:
Mandatory Breach Notification Requirements Are Coming for Government Contractors
The Biden Administration is imminently expected to release an executive order that will require government contractors to notify the government in the event of a cybersecurity breach. Despite the relatively steady rise in cyberattacks and breaches over the years, and the enactment of consumer data breach disclosure laws in all 50 states, there is currently no standardized reporting requirement for government contractors. However, the Biden administration has promised executive action on the issue, largely in response to a cyberattack by a suspected nation-state against multiple software companies, including the SolarWinds software company.