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H. Rept. 114-867 1 (2016-12-12)

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                     114TH CONGRESS                                        [REPT. 114-867
                         2d Session     HOUSE OF REPRESENTATIVES                Part 1






                                       DATA SECURITY ACT OF 2015



                                       DECEMBER 12, 2016.-Ordered to be printed



                         Mr. HENSARLING, from the Committee on Financial Services,
                                            submitted the following


                                               REPORT

                                                 together with

                                              MINORITY VIEWS

                                              [To accompany H.R. 2205]

                                [Including cost estimate of the Congressional Budget Office]

                       The Committee on Financial Services, to whom was referred the
                     bill (H.R. 2205) to protect financial information relating to con-
                     sumers, to require notice of security breaches, and for other pur-
                     poses, having considered the same, report favorably thereon with
                     an amendment and recommend that the bill as amended do pass.
                       The amendment is as follows:
                       Strike all after the enacting clause and insert the following:
                     SECTION 1. SHORT TITLE.
                       This Act may be cited as the Data Security Act of 2015.
                     SEC. 2. PURPOSES.
                       The purposes of this Act are-
                           (1) to establish strong and uniform national data security and breach notifica-
                         tion standards for electronic data;
                           (2) to expressly preempt any related laws of a State, the District of Columbia,
                         or a territory of the United States; and
                           (3) to provide the Federal Trade Commission with authority to enforce such
                         standards for entities covered under this Act that are not otherwise regulated
                         by one of the enumerated enforcement agencies in the Act.
                     SEC. 3. DEFINITIONS.
                       For purposes of this Act, the following definitions shall apply:
                           (1) AFFILIATE.-The term affiliate means any company that controls, is con-
                         trolled by, or is under common control with another company.
                           (2) AGENCY.-The term agency has the same meaning as in section 551(1)
                         of title 5, United States Code.
                           (3) BREACH OF DATA SECURITY.-
                         69-006

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