Cybersecurity Bill Defeat Won't Turn Down Regulatory Heat

By Allison Grande (November 15, 2012, 9:09 PM EST) -- The U.S. Senate again shot down legislation Wednesday that would have set corporate cybersecurity standards and pushed many businesses to share information with the federal government, but attorneys say the effort is far from dead, with President Barack Obama expected to sidestep Congress and establish a new regulatory regime through an executive order.

In a 51-47 vote, the Senate rejected a reconsideration motion to invoke cloture on S. 3414, the Cybersecurity Act of 2012, again falling short of the 60 votes required to move the bill toward a final vote for passage. The Senate in a 52-46 vote on Aug. 2...

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