CUNA, trades urge House leaders to act on info-sharing bills
April 21, 2015
WASHINGTON (4/22/15)--CUNA's continued advocacy efforts helped push much-needed cybersecurity legislation through committees, and in a letter sent to U.S. House leadership Tuesday, CUNA urged passage of information-sharing legislation.
In a letter sent to House Majority Leader Kevin McCarthy (R-Calif.) and Minority Leader Nancy Pelosi (D-Calif.), CUNA and other financial services organizations expressed support for the National Cybersecurity Advancement Act of 2015 (H.R. 1731) and the Protecting Cyber Networks Act (H.R. 1560) passing committee.
The bills would allow sharing of information between private sector and government entities about cyberthreats. According to the letter, if passed, the bills could help foster a more robust cyberthreat information sharing ecosystem.
"The existing bodies of law and regulation do not do enough to foster information sharing or to establish clear lines of communication with the various government agencies responsible for cybersecurity," the letter reads. "It is critical that Congress pass threat information sharing legislation to address today's challenges and stay ahead of tomorrow's threats."
The letter was signed by the American Bankers Association, American Financial Services Association, American Insurance Association, The Clearing House, Consumer Bankers Association, Electronic Transactions Association, Financial Services Roundtable, Independent Community Bankers of America, Investment Company Institute, NACHA-The Electronic Payments Association, National Association of Federal Credit Unions, National Association of Mutual Insurance Companies, Property Casualty Insurers Association of America and Securities Industry and Financial Markets Association.