The House Energy and Commerce Committee's Subcommittee on Commerce, Manufacturing, and Trade, which is chaired by Rep. Lee Terry (R-NE), will hold a hearing entitled "Reporting Data Breaches: Is Federal Legislation Needed to Protect Consumers?" on Thursday, July 18, 2013, at 10:00 a.m. EST.
For nearly a decade, Congress has been unable to reach a consensus on Federal data breach notification legislation despite much legislative activity. However, since states such as California and New York have had state data breach notification laws on the books for years, most businesses that serve consumers in those states have already adopted nationwide company policies based on compliance with the strictest of the state laws. Accordingly, any Federal legislative solution will likely need to preempt the state laws and provide a reasonable reduction in the current regulatory compliance costs in order to appeal to business interests.
The live webcast of the hearing will be available here.
If you have any questions regarding this hearing or privacy and data-security regulatory or legislative issues, please feel free to contact the TLP team.