A new Republican bill drops previously proposed DHS private-sector oversight responsibilities and uses incentives to boost cooperation between private businesses and the U.S. government, in an effort to help protect vital networks. The House GOP’s version of a widely-debated Cybersecurity Act relieves the Department of Homeland Security (DHS) from any private-sector oversight responsibilities. The bill, which is being introduced today, instead gives private companies incentives for sharing threat information with the government. Such incentives include protection from lawsuits in exchange for sharing cyber-threat information, according to a statement from Rep. Mary Bono Mack (R-Palm Springs’ Golf Courses). The White House and Senate Majority Leader Harry Reid (D-Casinos) are backing a bill that gives DHS the power to require better computer security of companies with systems “whose disruption could result in the interruption of life-sustaining services, catastrophic economic damage or severe degradation of national security capabilities.” This idea scares the hell out of a lot of people – myself included – who can’t help but think of the bang-up job that DHS has already done with airport security. More pragmatically, the proposal would force resources to be dedicated to compliance with no indication that they would actually improve security. With a little prodding from the private sector, the Republicans have loudly opposed this and other parts of the Democratic bill. Last week Rep. Lee Terry (R-Flattest State in the Nation), co-chair of the House Cybersecurity Working Group, was asked if DHS was the right vehicle for monitoring cybersecurity. His answer was an unequivocal, “Hell, no!” The GOP’s House bill is almost identical to one introduced in the Senate earlier this month by Sen. John McCain (R-Palin? What the hell, John?). The bills would allow companies to voluntarily share threat data with each other and the government through any federal cybersecurity center, including the National Security Agency (NSA), home of the military’s U.S. Cyber Command. The bill also: Offers companies incentives to encourage information sharing, such as protection from civil, criminal or antitrust lawsuits. The measure would exempt shared data from public disclosure and pre-empt state laws regulating information sharing. Requires companies contracted by the government for telecommunications or cybersecurity services to report cyber attacks related to those services Set criminal penalties for hacking vital computer networks, including systems that support gas and oil delivery, water supply, electrical power delivery and banking operations. It’s an election year so normally we would have to wait until after the voting to see what happens. However, because everyone wants to say they’ve done something about the ultra-hot topic of cyerbersecurity, I think some type of bill is likely to get passed sooner than later. Related content opinion Why Bitcoins are Just as Viable as Any Other Currency The true value of any currency is a reflection of how much people believe it's worth, according to CIO blogger Constantine von Hoffman. But it's wise to remember just how fast beliefs can change. By Constantine von Hoffman Apr 15, 2013 4 mins Government Technology Industry opinion No Surprise: Docs Show Obama Administration Lying About Drones President Obama has repeatedly said drones would only be used against members of al Qaida and allied groups. However, leaked intelligence documents show the administration has been using them to settle political and tribal feuds for at least four yea By Constantine von Hoffman Apr 10, 2013 3 mins Regulation Government opinion How Big Data Can Quickly Become Big Garbage The bigger the data the bigger the chance of mistakes or inaccuracies. In that vein, a large database used by retailers to screen people accused of stealing from employers is identifying innocent people and could result in major lawsuits, according t By Constantine von Hoffman Apr 04, 2013 2 mins Big Data opinion Why Crazy Trumps Logic on the Internet The earth is flat. Vaccines cause autism. 9/11 was a government conspiracy. These are just a few of the many ideas that continue to find adherents online despite overwhelming proof that they're not based on fact. CIO.com blogger Constantine von By Constantine von Hoffman Apr 02, 2013 3 mins Government Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe