WASHINGTON (2/2/15)--A glimpse at what a federal data breach bill should look like will bed iscussed in the U.S. Senate at a hearing scheduled for Thursday.
The Senate subcommittee of consumer protection, product safety, insurance and data security will conduct the hearing, titled "Getting it Right on Data Breach and Notification Legislation in the 114th Congress."
"This hearing will help the committee gain a better understanding of how to develop a clear and consistent national data breach notification standard that will help both companies and consumers when they face data security challenges," said Sen. Jerry Moran (R-Kan.) in a statement.
The hearing will feature testimony from experts to inform efforts in crafting a federal data breach bill, and will focus on issues including the consumer benefits of a uniform federal law in place of disparate state laws, the timeliness of notification to consumers and the definition of sensitive personally identifiable information.
The House subcommittee on commerce, manufacturing and trade held a similar hearing last week. The Credit Union National Association signed a letter with several other trade organizations that was submitted into the record for that hearing.
CUNA continues to push for national protection and notification standards that preempt state laws and recognition of the requirements financial institutions face under the Gramm-Leach-Bliley Act.