WASHINGTON (8/3/12)--The Cybersecurity Act of 2012 (S. 3414) Thursday did not get the votes it needed in the U.S. Senate to move the bill on its way to a final vote.
Sixty votes were necessary for lawmakers to invoke "cloture," a parliamentary procedure that means to close debate on a bill and move it to a vote.
A total of 52 senators agreed to hold a vote, while 46 opposed moving the bill forward.
S. 3414 would have established voluntary information protection standards for government agencies, utilities, and other public and private entities. The bill would also establish a National Cybersecurity Council, which would include appointed representatives from the Department of Commerce, Department of Defense, Department of Justice, the intelligence community, and various "sector-specific" federal agencies.
Congress is set to adjourn today for the traditional August recess and lawmakers are scheduled to return in early September. The bill could be brought up for a vote again once Congress returns.
The Credit Union National Association (CUNA) monitored the bill's progress, noting that some voluntary security standards could eventually become mandatory, thus imposing a new burden on financial institutions.
CUNA has repeatedly said that the data security standards followed by credit unions and other financial institutions are strong, and it remains committed to ensuring that any data security measure passed by Congress does not negatively impact credit unions.