House Passes Second ABA-Backed Cybersecurity Bill

With a 355-63 vote, the House today passed the ABA-supported National Cybersecurity Protection Advancement Act (H.R. 1731), which would enhance cybersecurity threat information sharing.

ABA welcomed the news, with President and CEO Frank Keating noting that H.R. 1731 and a similar bill that passed yesterday, H.R. 1560, would “foster a more robust cyber information sharing framework while providing liability protections that balance the need for privacy protection.”

“We are encouraged by the House’s actions and urge the Senate to move forward soon on the Cyber Information Sharing Act,” Keating added. “Banks invest hundreds of millions of dollars annually to put in place multiple layers of security to protect sensitive consumer data.”