A software bill of materials (SBOM), an inventory of all constituent components and software dependencies involved in the development and delivery of an application, has emerged as a key building block in software security and software supply chain risk management. This article discusses the key takeaways from a Venable presentation on SBOMs, including insights from the keynote address given by Chris DeRusha, Chief Information Security Officer at the federal Office of Management and Budget and Deputy National Cyber Director, Executive Office of the President. See our two-part series on securing emerging technologies without hampering innovation: “Private-Sector Challenges,” (Mar. 9, 2022) and “Government Initiatives and How Companies Can Adapt,” (Mar. 16, 2022).