Sen. Pat Toomey (R-Pa.) introduced a bill on behalf of himself and four other Republican senators setting national standards for how companies inform individuals of a breach of security related to personal information.
Toomey, alongside Sens. Olympia Snowe (Maine), Jim DeMint (S.C.), Roy Blunt (Mo.) and Dean Heller (Nev.), introduced the Data Security and Breach Notification Act of 2012 (S.3333) on Thursday.
The personal information cited by the legislation includes Social Security numbers, driver's license numbers, financial account numbers, credit or debit card numbers and related security codes. Failure to follow the notification standard under the act goes results in a fine as high as $500,000.
Some Republicans in Congress have expressed support for something like the Data Security Act because they prefer a singular, national standard rather than differing state laws.
Read the bill below: