Cybersecurity Bill Responds to Industry Cost Concerns, Reid Says

Cybersecurity legislation in the U.S. Senate was designed to avoid unmanageable costs to industry and can be altered in coming weeks, Senate Majority Leader Harry Reid told the nation’s largest business lobbying group.

Reid, a Nevada Democrat, responded in a letter to concerns raised by the U.S. Chamber of Commerce that a planned cybersecurity bill may increase costs and place too many rules on companies. The measure may be introduced as early as next week.