The White House is threatening to veto HR 1675 if it passes the Senate, after the House of Representatives passed the Small Company Disclosure Simplification Act that would not require most U.S. companies to file machine-readable financial statements.

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Sens. Jerry Moran, R-Kan., and Tom Udall, D-N.M., are planning to introduce the Cloud Infrastructure Transition Act, which is aimed at accelerating cloud adoption throughout the Federal government. Known as the Cloud IT Act, it is focused on reforming the Federal Risk and Authorization Management Program (FedRAMP), which has come under fire on several fronts.

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