Cybersecurity Bill’s Chances Wane

Republicans argue standards to protect infrastructure would harm business.

Prospects waned for legislation designed to strengthen U.S. defenses against computer attacks as an assistant to President Barack Obama called Republican opposition “hard to believe.”

With the U.S. Senate set to leave Washington by the end of this week for its August recess, Majority Leader Harry Reid, a Nevada Democrat, is seeking to end debate today and move to a vote on a cybersecurity proposal backed by Obama.

Opponents Unmoved

The changes so far haven’t swayed Republicans and industry groups such as the U.S. Chamber of Commerce, the Financial Services Roundtable, and American Bankers Association, which have called the voluntary standards a back door to additional government regulation.

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