More Bills on Data Theft: Differences Arise over Preemption, Notification
Heller, Michele, American Banker
WASHINGTON -- The Senate Commerce Committee plans to vote on a comprehensive data security bill by August, and it probably will let states set tougher rules, Sen. Gordon Smith said Thursday.
"We want to give the states elbow room, but it will set very high standards," the Oregon Republican said after a hearing where lawmakers and all five Federal Trade Commission members agreed that the government needs to help curb the increasing number of corporate security breaches that have exposed consumer data.
The bill, which Sen. Smith is drafting with Senate Commerce Chairman Ted Stevens, R-Alaska, and the committee's ranking Democrat, Sen. Daniel Inouye of Hawaii, is one on a growing list in Congress. Others are being developed in the …
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Publication information: Article title: More Bills on Data Theft: Differences Arise over Preemption, Notification. Contributors: Heller, Michele - Author. Magazine title: American Banker. Volume: 170. Issue: 116 Publication date: June 17, 2005. Page number: 1. © 2009 SourceMedia, Inc. COPYRIGHT 2005 Gale Group.
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