Quantum Encryption Readiness and Resilience Act

This bill requires the federal government to assess and address cybersecurity risks from quantum computers that could break current encryption. It mandates a detailed report within one year (and annual updates) evaluating U.S. progress compared to other countries in developing quantum computers and adopting post-quantum cryptography, identifying vulnerable sectors (like finance or critical infrastructure), and creating a mitigation plan. The plan must facilitate government-private sector collaboration, information sharing, and technical assistance to help entities adopt security measures. The bill also directs the creation of guidelines to define "cryptographically-relevant quantum computers" and includes recommendations for implementing the plan through legislation or policy. This directly affects federal agencies, private companies, and public entities handling sensitive data.