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Read. Follow. Verify.Congressional Hearing on Data Security and Breach Notification Reform
Record date · January 1, 2018
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What This Bill Does
This document is a transcript and record of a March 7, 2018, House subcommittee hearing regarding potential legislative changes to how companies handle data security and notify consumers of data breaches. The hearing featured testimony from state government officials and industry representatives regarding the current regulatory landscape.
The hearing explored potential federal standards for data security and , which could replace or supplement existing state-level laws that dictate how companies must protect consumer information and inform the public when that information is compromised.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Consumers
Changes to data security laws impact how and when individuals are notified if their personal information is exposed in a data breach.
Financial Institutions
These entities are subject to data security regulations and would be required to comply with any new federal standards established by potential legislation.
Retailers
Retailers handle consumer data and are subject to existing breach notification requirements that could be altered by federal reform.
Key Facts
- The hearing took place on March 7, 2018, before the Subcommittee on Financial Institutions and Consumer Credit.
- The session focused on legislative proposals to reform the current regulatory regime for data security and breach notification.
- Witnesses included representatives from the Massachusetts Attorney General's Office, the Consumer Data Industry Association, the Information Technology Industry Council, and the Financial Services Roundtable.
- The record includes extensive written statements from various trade associations, including the American Bankers Association, the National Retail Federation, and the Credit Union National Association.
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- The hearing record contains formal responses to questions submitted by Representatives Waters and Ross regarding the testimony provided.
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News Coverage
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Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Broad Industry Participation
The hearing record includes submissions from a wide range of competing interests, including both the banking sector and the retail sector, indicating high-stakes lobbying on data security standards.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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