Richard Blumenthal actually said...

"I hope to fill that gap with legislation, I'm going to be introducing it this week, that would ensure that the FTC can investigate any data breach and exercise oversight and deter these kinds of breac..."

"market value decreases are a penalty not for the management that violated consumer trust, it falls on the shareholders."

"I want to make sure that we are protecting consumers and holding companies accountable."

"Congress has long empowered and directed the FTC to protect consumers from unfair, deceptive acts or practices, and unfair methods of competition."