09.10.18
Luetkemeyer Introduces Data Security Bill
by: Zachary Warmbrodt
Rep. Blaine Luetkemeyer (R-MO) has released the text of a bill to codify federal regulators' data breach notification standards for the financial services industry. The bill is a step back from legislation the congressman introduced earlier this year, which would have applied data security requirements beyond the financial services industry to a larger number of retailers that handle consumers' information. The new bill also includes language targeted at the insurance industry, saying state insurance officials should establish data security safeguards for customer information that are the same as the guidelines drafted by federal bank regulators. The House Financial Services Committee, of which Luetkemeyer is a member, is expected to mark up the bill in the near future.
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