MADISON, Wis. – A credit union-backed data security bill that moved quickly through committee was tabled indefinitely by the State Assembly here Tuesday night, virtually killing the bill for this year.
The bill would have required all merchants to destroy personal credit card data immediately after use–the same way MasterCard and Visa require destruction of the information–and would have made parties responsible for data breaches pay for costs incurred by credit unions, banks and consumers in resolving the breach.
Brett Thompson, president of the Wisconsin CU League, which led the effort for the bill, expressed disappointment in the procedural tie-up. “Had this bill been allowed to receive an up or down vote before the full Assembly, we feel it would have passed,” said Thompson.
The Wisconsin bill is similar to model data security bill being circulated by CUNA Mutual, as well as legislation being debated in California, Maryland, Texas and several other states.
