A debate unfolds over narrow breach-notice bill's impact on broader efforts

A scaled-down breach-notification bill applying only to the financial industry could be marked up “imminently” in the House Financial Services Committee, a panel GOP source said, while stressing that the effort to move a narrow, sector-specific measure shouldn't be interpreted as a surrender on eventually passing comprehensive data security and consumer notice legislation.

However, introduction of the bill last week quickly raised concerns from major players in the retail sector, which fears the narrow approach undermines efforts to pass sweeping...