Opposition of the Paul Amendment

SIFMA and other trade associations provide comments to Senators McConnel, Reid, Burr and Feinstein on opposing the Paul Amendment. Protecting consumers’ sensitive data and ensuring their privacy is of paramount importance to our member firms, and is also an underlying goal of CISA. To achieve that goal, and to help defend against those that seek to harm Americans and commit cyber attacks against our critical infrastructure, the legislation provides legal liability protections for companies of all sizes and across all sectors that voluntarily engage in the cyber threat sharing process. This amendment would undermine these goals by jeopardizing a firm’s liability protections for even an inadvertent violation of a terms of service or privacy agreement.

See also:

Sen. Rand Paul Introduces Amendments to Cybersecurity Bill

SIFMA Signed with:

American Bankers Association

American Cable Association

American Coatings Association

American Gas Association

America’s Health Insurance Plans

American Insurance Association

American Petroleum Institute

American Water Works Association

CompTIA

Consumer Bankers Association

Consumer Data Industry Association

Credit Union National Association

CTIA – The Wireless Association

Electronic Transactions Association

Federation of American Hospitals

Financial Services Roundtable

The GridWise Alliance

HITRUST – Health Information Trust Alliance

Independent Community Bankers of America

NACHA – The Electronic Payments Association

National Association of Federal Credit Union

National Association of Manufacturers

National Association of Mutual Insurance Companies

National Business Coalition on E-Commerce & Privacy

National Cable & Telecommunications Association

NTCA – The Rural Broadband Association

Property Casualty Insurers Association of America

The Real Estate Roundtable

The Clearing House

USTelecom Association

U.S. Chamber of Commerce

Utilities Telecom Council