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Banks Court Controversy Supporting Cybersecurity Bill
April 17, 2013

The House of Representatives on Wednesday is set to pass CISPA, a controversial cybersecurity bill that would encourage U.S. spy agencies and private-sector firms to share information about cyber threats. The banking industry and business groups back the measure, which banks say would give them timely information they need to fend off cyberattacks. Civil liberties groups charge the bill lacks safeguards to protect people's privacy. The White House has threatened to veto the bill because of privacy concerns but says it stands ready to work with Congress to pass legislation to strengthen the nation's cyber defenses.

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