Senate panel advances small business cybersecurity bill

Senate panel advances small business cybersecurity bill
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The Senate Commerce Committee advanced a bill Wednesday aimed at boosting resources to help small businesses protect their digital assets from cyber threats.

Sen. Brian Schatz (D-Hawaii) introduced the bill last week, with a bipartisan group of senators including committee chair John ThuneJohn Randolph ThuneMcConnell names Senate GOP tax conferees Overnight Health Care: 3.6M signed up for ObamaCare in first month | Ryan pledges 'entitlement reform' next year | Dems push for more money to fight opioids Dems push for more money for opioid fight MORE (R-S.D.) and ranking member Bill NelsonClarence (Bill) William NelsonOvernight Health Care: Ryan's office warns he wasn't part of ObamaCare deal | House conservatives push for mandate repeal in final tax bill | Dem wants probe into CVS-Aetna merger Ryan's office warning he wasn't part of deal on ObamaCare: source Overnight Health Care: Funding bill could provide help for children's health program | Questions for CVS-Aetna deal | Collins doubles funding ask for ObamaCare bill MORE (D-Fla.) sponsoring.

The legislation, called the MAIN STREET Cybersecurity Act, would require the National Institute of Standards and Technology (NIST) to give simplified resources to small businesses that choose to use the institute's cybersecurity framework.

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NIST develops and updates a cybersecurity framework that for public and private sector entities.

“This legislation will help small businesses get the information they need to protect themselves and their customers from cyberattacks,” Thune said in his opening statement Wednesday morning.

The Senate panel approved the legislation by a voice vote after adopting an amendment offered by Schatz that made small changes to bill's language.

The legislation is also cosponsored by Sens. Jim RischJames (Jim) Elroy RischMcConnell works to salvage tax bill The Hill's Whip List: Where Republicans stand on Senate tax bill Senate ethics panel resumes Menendez probe after judge declares mistrial MORE (R-Idaho), Maria CantwellMaria Elaine CantwellAvalanche of Democratic senators say Franken should resign Week ahead: Trump expected to shrink two national monuments Live coverage: Senate Republicans pass tax bill MORE (D-Wash.) and Cory GardnerCory Scott GardnerDems look to use Moore against GOP McConnell: 'No change of heart' on Roy Moore US trade deficit rises on record imports from China MORE (R-Colo.) and was introduced last Wednesday. 

The U.S. Chamber of Commerce and National Small Business Association both backed the legislation last week.