SACRAMENTO, Calif. — Once again, California Governor Arnold Schwarzenegger has vetoed a card data security bill which the state legislature passed overwhelmingly.

In a statement which accompanied the veto, the Governor cited both the costs of the bill to retailers and remedies he maintained already existed in law.

"Clearly, the need to protect personal information is increasingly critical as routine commercial transactions are more and more exclusively accomplished through electronic means," Schwarzenegger wrote. "However, by requiring notification even where no information was obtained improperly, this bill would likely result in significant costs to businesses and to the state. In addition, by locking in today's best practices, AB 1656 would assure that the law remains static in the face of future, unseen concerns. Moreover, this bill would create a disincentive for businesses to adhere to new, more comprehensive, industry standards," he said.