From: FierceGovernmentIT
If enacted, the Data Security and Breach Notification Act of 2015 would cost the government $1 million to implement over five years and would increase revenues, via penalties paid by non-compliant businesses, by $9 million over 10 years, an assessment of the bill finds.
The estimate is based on the assumption that the bill (HR 1770) will be enacted by the end of the fiscal year, according to an April 20 report by the Congressional Budget Office (pdf). The bill would require businesses to protect personal information they maintain electronically and to notify affected individuals in the event of a security breach.
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