Cyberthreat info-sharing bill passes Senate 74-21

The U.S. Senate passed the Cybersecurity Information Sharing Act (CISA) Tuesday afternoon by a vote of 74-21. The bill will now go into conference committee with the House.

Three amendments to the bill that were opposed by CUNA were left out of the final package. CUNA was also able to prevent the addition of an amendment in July that would have given supervisory authority over third-party vendors to the National Credit Union Administration.

CUNA supports CISA, but has told the Senate that its work must not stop there, urging further action by Congress to establish a strong national data security standard that aligns with the standards financial institutions are already subject to under the Gramm-Leach-Bliley Act.

A bill introduced by Sens. Tom Carper (D-Del.) and Roy Blunt (R-Mo.), the Data Security Act of 2015 (S. 961) has strong CUNA support. It would create a scalable data standard for entities handling sensitive information that is adaptable for entities of all sizes.

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