Cyber Bill Won’t Prevent Attacks But ‘Minimizes Data Loss’

Feinstein stressed that companies do not have to “partake” in the information sharing with the government.

“It is a voluntary bill, no one has to do anything if they don’t want to,” she said.

“It’s simply the first step to get us on the highway to more protection. What’s happening, ladies and gentlemen, is you have countries that can get into a company and stay there for two or three years and drain it of its fiduciary information. We want to stop that and this is the first step to doing it,” Feinstein added.

Burr said the bill would be brought to the Senate floor in less than 2 weeks.

Feinstein encouraged the Chamber of Commerce to call members of Congress and encourage them to support the bill.

“We ask you for this last push,” she said.