Newsroom

The House on Thursday passed an information-sharing cybersecurity bill, H.R. 1731, the "National Cybersecurity Protection Advancement Act," by a vote of 355-63.

Introduced by House Homeland Security Committee Chairman Michael McCaul, R-Texas, this bill aims to enhance multi-directional sharing of information about cybersecurity threats and to strengthen privacy and civil liberty protections. NAFCU President and CEO Dan Berger noted support of the bill Wednesday while testifying on data security during a House Small Business Committee hearing, but he said more is needed for effective protection of data.

NAFCU and 14 other financial trades signed a joint letter Tuesday supporting this bill and H.R. 1560, the "Protecting Cyber Networks Act," which passed the House Wednesday by a vote of 307-116. The letter signers included the American Bankers Association, The Clearing House, CUNA and the Financial Services Roundtable.

NAFCU continues to seek passage of a data security bill that would create a strong national standard of protection for retailers, recognize credit unions' compliance with the Gramm-Leach-Bliley Act and hold retailers liable for breaches occurring on their end. Such a bill was introduced recently by Sens. Tom Carper, D-Del., and Roy Blunt, R-Mo. NAFCU strongly supports the bill.