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Issue Spotlight

 

Senators Introduce Revised Cybersecurity Legislation, S.3414

The five co-sponsors of bipartisan cybersecurity legislation introduced new, revised legislation July 19, 2012; to protect our national security, economic security, and life-sustaining services from increasingly commonplace cyber-attacks.

The co-sponsors - Homeland Security and Governmental Affairs Committee Chairman Joe Lieberman, ID-Conn., Ranking Member Susan Collins, R-Maine, Commerce Committee Chairman Jay Rockefeller, D-W.Va., Select Intelligence Committee Chairman Dianne Feinstein, D-Ca., and Federal Financial Management Subcommittee Chairman Tom Carper, D-Del. – offered the revised Cybersecurity Act of 2012 in a good faith effort to secure enough votes to address the immediate threat of attack from foreign nations, hacktivists, criminals, and terrorists against the nation’s most critical cyber systems. More information: here.

Watch Senator Lieberman's Recent Floor Speech About Cybersecurity

 

The "Fiscal Cliff"

There are several major tax and spending policy changes set take effect under current law at end of 2012 or early in 2013, collectively referred to by some as the "fiscal cliff." These tax provisions include the expiration of the "Bush tax cuts" and the Social Security payroll tax rate reduction. Major spending changes include the expiration of certain extended unemployment benefits, reductions to Medicare payments to physicians, and the automatic spending cuts enacted as part of the Budget Control Act of 2011. Congress likely will consider the benefits of deficit reduction against the potential implications of fiscal policy choices for the ongoing economic recovery. In addition, Congress likely will debate other policies not directly related to the fiscal cliff, including another debt limit increase and FY2013 appropriations bills.

 

Read Senator Lieberman's Recent WSJ Op-Ed About the Fiscal Cliff