The Commerce Committee on Wednesday approved a bill to require online retailers and businesses to secure their credit card information and credit reports.
The bill will be introduced in the Senate on Thursday.
It was approved by the Commerce Committee in the committee’s first session in December.
The bills aims to strengthen consumer protection measures for online retailers, as well as increase data security standards for online platforms.
The bill also provides for the issuance of a “certification of vulnerability,” which will allow online platforms to submit their information to credit bureaus and banks for review and investigation.
The Commerce Committee is also expected to consider a separate bill on the Cybersecurity Information Sharing Act, which would make it easier for government agencies to share information about cyber threats with businesses.
“These bills are not meant to replace existing consumer protection laws, but instead, to help strengthen the cybersecurity landscape,” Sen. Mike Lee (R-Utah) said in a statement.
“We must protect our nation from the threat of cyber-attack, but also from criminals and foreign governments that wish to interfere in our economic, financial and political systems.”