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WASHINGTON-A number of congressional committees are considering data security legislation right now, which could be a formidable election year issue as breaches continue to occur.

The House Financial Services Committee was slated to mark up the Data Accountability and Trust Act (H.R. 4127), which is the bill originated by the Energy and Commerce Committee, last Wednesday. The so-called DATA bill competes with the Financial Services Committee’s own bill, the Financial Data Protection Act (H.R. 3997), which is favored by the financial services industry. H.R. 3997 also includes certain rulemaking authorities for NCUA that the agency worked to get inserted.

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