Exodus of Senators Stalls Cybercrime Talks
PRIVACY LAW—U.S.September 16, 2011
The departure of all but one Republican member from a Senate Judiciary Committee meeting--after raising concerns that two cybercrime bills "could overburden businesses with new regulations that they can't afford"--resulted in the lack of a quorum and the inability to move forward with amendments, the National Journal reports. The first of the two bills seeks to require companies to protect the consumer information they collect and provide notification in the event of a breach. It also includes increased penalties for data theft. The second bill includes only the reporting requirement. The markup has been postponed to a later date, the report states.