Trade Associations Submit Letter to Senators Regarding Cybersecurity Information Sharing Act of 2014

SIFMA, the American Bankers Association, and the Financial Services Roundtable (the "Associations") submitted a letter of support to Chairwoman Feinstein and Vice Chairman Chambliss of the Senate Intelligence Committee regarding the June 17, 2014 draft of the Cybersecurity Information Sharing Act of 2014 (the "Act").

In the letter, the Associations stated that the Act "strengthens the ability of the private sector and the Federal government to work together to develop a more effective information sharing framework to respond to cyber threats." The Associations asserted that the draft version of the Act provides liability and anti-trust protections, while balancing privacy protections.

Additionally, the Associations provided detailed comments identifying issues that require further clarification.

See: Letter; Press Release.