The Common Vulnerabilities and Exposures (CVE) Program is a critical public good, yet it is at a crossroads. Established by MITRE with support from the U.S. government, the index of software vulnerability identifiers has been a core element of software security since 1999. But recent funding issues have laid bare fundamental challenges, and without action, the vulnerability identification landscape will fragment. This report provides recommendations for global policymakers on how to reimagine the CVE Program for the next 25 years.