At the same time, the bill includes numerous privacy protections beyond those contained in last year's bill. Senator Burr and I worked together to address the specific concerns raised by the administration, some of our Senate colleagues, and other key stakeholders. Because of these changes, the administration said yesterday that ``cyber security is an important national security issue and the Senate should take up this bill as soon as possible and pass it.'' I believe this is a good bill and will allow companies and the government to improve the security of their computer networks, but this is just a first-step bill. It will not bring an end to successful cyber attacks or thefts, but it will help to address the problem. What does this bill do? It provides clear direction for the government to share cyber threat information and defensive measures with the private sector. Two, it authorizes private companies to monitor their computer networks and to share cyber threat information and defensive measures with other companies and with the Federal, State, local, and tribal government. And three, it creates a process and rules to limit how the Federal Government will and will not use the information it receives. Companies are granted liability protection for the appropriate monitoring for cyber threats and for sharing and receiving cyber threat information.…
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