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
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