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US Senate declares "National Data Privacy Day" and introduces Data Security & Breach Notification Act of 2014

Late Wednesday night, the United States Senate voted on a resolution declaring Jan. 28, 2014 "National Data Privacy Day." Amongst those cosponsoring the resolution was Sen. Bill Nelson (D-FL).

Additionally, late last night, S. 1976, the Data Security & Breach Notification Act of 2014 was introduced in the United States Senate by Sen. Jay Rockefeller (D-WV), chairman of the Senate Committee on Commerce, Science & Transportation. The bill addresses Gramm-Leach Bliley standards and notifications for retailers and is a good first step in correcting many of the problems financial institutions, such as credit unions, have faced during a data breach. Sen. Bill Nelson (D-FL) is one of the original cosponsors of the legislation.

The League thanks Sen. Nelson for his leadership on this issue and looks forward to continuing this discussion during the CUNA GAC in late February. If you have not already planned to do so, please join us for the CUNA GAC. More information can be found here.

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