Rep. Garbarino considers potential legislation to overturn controversial SEC rule

House Homeland Security cyber subcommittee Chair Andrew Garbarino (R-NY) is looking into opportunities to introduce legislation that would block the U.S. Securities and Exchange Commission from moving forward with a controversial final rule that will require publicly traded companies to report cyber incidents.

The SEC approved the rule in July and the reporting requirement will go into effect on Dec. 18. The rule provides an additional 180 days for smaller companies to prepare for reporting incidents to the SEC....