U.S. Rep. Randy Hultgren, R-Plano, voted for legislation that recently passed the House Financial Services Committee to prevent data breaches like the one that affected millions of Americans last year.
Hultgren noted that the bill, H.R. 6743, would provide a national standard for financial institutions around data security and breach notification. It sets consistent, scalable standards for businesses that handle sensitive personal data, and lays out what they must do to protect that data.
It also establishes steps that covered entities must take to notify regulators, law enforcement and victims after any breach exposing the records of 5,000 or more consumers.
“After last year’s data security breach at Equifax, it was clear that reform and a national standard are crucial to protect consumers,” said Hultgren. “I hope the Senate passes these crucial reforms before adjourning for the year and provides closure and peace of mind for those impacted by last year’s breach.”