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WASHINGTON After several false starts this year, the Senate is gearing up for a vote on a major cybersecurity bill backed by the banking industry.
October 21 -
Congress will kick off a busy session on Tuesday when lawmakers return from summer break, with a number of key banking priorities up for consideration.
September 4 -
WASHINGTON A bipartisan cybersecurity bill backed by the financial industry failed to clear a key procedural hurdle Thursday evening, raising fresh questions about when or if the legislation can advance past the Senate floor this year.
June 12
WASHINGTON – A major cybersecurity bill passed a key Senate test on Thursday after a series of setbacks earlier this year.
The Senate voted 83-14 to end debate on the Cybersecurity Information Sharing Act, which would make it easier for businesses and government to share cyber threat information. The legislation previously failed to be included as part of the Defense Department’s spending bill earlier this year, and lawmakers ran out of time to take up the plan before the August recess.
“This information sharing bill, while not a silver bullet, is an important step to shore up our cybersecurity,” Sen. Diane Feinstein, D-California, one of the bill’s lead authors, said in a statement Tuesday as debate kicked off.
Credit unions and banks have largely supported the measure, repeatedly pushing for it to be advanced in recent months. The legislation would provide certain liability protections for companies sharing sensitive information with the government.
Lawmakers will likely continue to debate the bill and a host of amendments in coming days before a final vote is scheduled. The bipartisan bill passed the Intelligence Committee in May by a vote of 14-1. The House passed similar information-sharing legislation in April.
