House Committee Approves Weak Data Security Bill - The House Financial Services Committee, one of several congressional committees working on a response to widely publicized data security failures, approved its version of such legislation last week. From a consumer perspective, the bill is not a step forward from existing law, as its enforcement provisions are relatively weak and its substantive requirements are less straightforward and potentially less protective than those of many of the state laws it would preempt. It remains unclear how or whether a compromise version of federal data security legislation will emerge from Congress this year. March 21, 2006
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