1. Short title This Act may be cited as the Cybersecurity and Financial System Resilience Act of 2019 . 2. Cybersecurity report (a) In general Not later than the end of the 180-day period beginning on the date of enactment of this Act, and annually thereafter, the Board of Governors of the Federal Reserve System shall submit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate that provides a detailed explanation on measures taken by the Board of Governors and the Federal reserve banks to strengthen cybersecurity with respect to the functions of the Federal Reserve System, including the supervision and regulation of financial institutions. Each such report shall specifically include a detailed explanation of— (1) policies and procedures that guard against— (A) efforts to deny access to or degrade, disrupt, or destroy any information and communications technology system or network, or exfiltrate information from such a system or network without authorization; (B) destructive malware attacks; (C) denial of service activities; and (D) any other efforts that, in the determination of the Board, may threaten the functions of the Federal Reserve System by undermining cybersecurity; and (2) activities to ensure the effective implementation of policies and procedures described under paragraph (1), including— (A) the appointment of qualified staff, the provision of staff training, and the use of accountability measures to support staff performance; (B) deployment of adequate resources and technologies; (C) the development and dissemination of best practices regarding cybersecurity