Rep. Luetkemeyer circulates revised text of consumer data-breach bill

Rep. Blaine Luetkemeyer (R-MO), a House Financial Services subcommittee chairman, today circulated revised draft data-breach notification legislation and intends to hold a hearing on the bill in the coming weeks, according to a source close to the lawmaker.

Rep. Carolyn Maloney of New York, a senior Democratic member of the House Financial Services Committee, is cosponsoring the bill, giving it a bipartisan stamp of approval. However, many committee Democrats expressed strong concerns during a hearing Wednesday about pre-emption of...