Legislation stalled in the Michigan Senate this week that would have required companies who become victims of a data breach to notify affected individuals.
After working on the legislation for the better part of a year, the Michigan Chamber negotiated a reasonable compromise with all segments of the business community, including Michigan’s financial institutions. Having no opposition, the agreement reached among interested parties would have benefited consumers and set notification requirements with which businesses could comply.
Unfortunately, the bill sponsor refused to make the changes agreed upon by all affected and interested parties. The Michigan Chamber, therefore, requested the bill sponsor’s legislation die.