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Obama Issues CISPA Veto Threat - Risk & Compliance - WSJ

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The Obama administration issued a threat on Tuesday to veto a House cyber-security bill that would confer blanket corporate immunity to companies sharing user information to U.S. intelligence agencies, its second such threat in two years against the legislation.

Known by the acronym CISPA, the bill is meant to facilitate data sharing between intelligence agencies and the private sector to help protect against cyber espionage. It was approved in secret last week by a House intelligence committee by an 18-2 vote after changes, including the removal of a national security exemption, were made during markup.

The committee tweeted that it’s scheduled for a vote on the House floor this week. But the Obama administration still wants more changes, and senior advisers would recommend President Barack Obama veto the bill as written, according to a statement of administration policy (pdf).