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OCC Comments on Recent Cyber Security Measures from Senate Bill

OCC, as an advocate for the listed options industry, joined a broad set of U.S. business organizations in sending a letter to key members of the U.S. Senate and House of Representatives regarding approval of recent cybersecurity measures in both houses that would implement a legal framework critical to encourage industry to voluntarily share cybersecurity information with the federal government. The letter asks the U.S. Congress, as they work to reconcile the two pieces of legislation, to remove Section 407 from the Senate bill. That section could provide the Department of Homeland Security with cybersecurity regulatory authority over critical infrastructure that is already regulated in this regard at the federal level by other agencies.

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