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Data Security Bill Passes House Financial Services Committee

Data Security Bill Passes House Financial Services Committee

The House Financial Services Committee completed the markup of the Data Security Act of 2015 (H.R. 2205) on Tuesday, a bill to strengthen protections for consumers against identity theft and fraud.H.R. 2205 aims to require non-government entities that access, maintain, communicate, or handle sensitive financial account information or nonpublic personal information implement an information security program. The program would notify customers, federal law enforcement, appropriate administrative agencies, payment card networks, and consumer reporting agencies of certain data breaches of unencrypted…

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