The Data Security Act of 2015 (H.R. 2205) and the NCUA Budget Transparency Act (H.R. 2287) were voted out of the House Financial Services Committee Wednesday after a late-night Tuesday markup.
The Data Security Act of 2015 was introduced by Rep. Randy Neugebauer (R-Texas) and John Carney (D-Del.). The bill passed out of the committee by a 46-to-9 vote. If it takes effect, it would establish national security standards for retailers designed to protect consumer payment and personal information.
In a data security bill markup discussion, Rep. Brad Sherman (D-Calif.) said, "The best way to stop data breaches is to hold responsible the entities that hold the data."
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