Such security and compliance requirements include:
The bill's breach notification requirements include:
Nationwide notification. Following the discovery of a breach of security, the covered entity must:
Third-party/service provider notification requirements. Much like a BA of a healthcare covered entity, a third-party or service provider handling sensitive information must notify the covered entity of the breach of security.
Reports to credit agencies. If a breach involves more than 5,000 individuals, the covered entity must notify the major credit reporting agencies that compile and maintain files on consumers on a nationwide basis.
60-day requirement. Notification must be made not later than 60 days following the discovery of a breach of security, unless the covered entity providing notice can show that providing notice within such a timeframe is not feasible due to circumstances necessary to accurately identify affected consumers, or to prevent further breach or unauthorized disclosures, and reasonably restore the integrity of the data system.
The bill is in the hands of the Committee on Commerce, Science and Technology.