Cybersecurity Information Sharing Legislation (S 754)

SIFMA, as part of a joint financial services industry letter, provides comments to the Senate Select Committee on Intelligence, the House Committee on Homeland Security and the House Permanent Select Committee.

The financial trade associations write to Chairman Burr, Vice Chairman Feinstein, Chairman McCaul, Ranking Member Thompson, Chairman Nunes, and Ranking Member Schiff as they prepare to go to conference on the House and Senate cyber threat information sharing bills.

The financial services sector shares the goal of enacting legislation that would enhance voluntary cyber threat information sharing among the private sector and the Federal government.  In general, the financial services sector believes the House and Senate bills are consistent with the goal of enhancing our nation’s ability to defend against cyber attacks.  This letter addresses concern with Section 407 of the Senate bill (S. 754).

SIFMA signed this joint letter with:

American Bankers Association

American Insurance Association

Consumer Bankers Association

Credit Union National 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

The Clearing House

U.S. Securities Markets Coalition: BATS Options, BOX Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ Options Market, NASDAQ OMX PHLX, NYSE Arca, NYSE Amex, The Options Clearing Corporation