By Brendan Sasso - 07/19/11 09:03 PM EDT
According to the Federal Trade Commission, nine million Americans are victims of identity theft every year.
Currently, data-breach requirements are a patchwork of laws varying by state. According to Ken Johnson, a spokesman for Bono Mack, companies spend "an inordinate amount of time" just determining their obligations under a particular state's law when a data breach occurs.
Bono Mack's bill preempts state laws and creates a single national standard.
She first drafted the bill in response to high-profile data breaches at companies including Sony, Epsilon and Citigroup.
“My legislation is crafted around a guiding principle: Consumers should be promptly informed when their personal information has been jeopardized," Bono Mack said in a statement. "The time has come for Congress to take decisive action. We need a uniform national standard for data security and data breach notification, and we need it now.”
The bill is scheduled for a markup session Wednesday morning in the Commerce, Manufacturing and Trade subcommittee. Johnson said that he expects a "lively debate" on the measure.