WASHINGTON--(BUSINESS WIRE)-- Business Roundtable endorsed the Cyber Intelligence Sharing and Protection Act of 2011 (H.R. 3523), as introduced in the U.S. House of Representatives by Intelligence Committee Chairman Mike Rogers (R-MI) and Ranking Member Dutch Ruppersberger (D-MD), and praised the Intelligence Committee for its near unanimous approval of the important legislation.

“Protecting our cyber infrastructure is of vital importance to America’s economic and national security,” said Ajay Banga, President and CEO, MasterCard Incorporated, and Chairman, Business Roundtable Information and Technology Committee. “This legislation is an important first step towards updating and retooling our nation’s cybersecurity capabilities to create a public-private foundation necessary to address dynamic cybersecurity threats. We are pleased that the House of Representatives acted in a swift, bipartisan manner to address this growing national problem.”

In a letter to Chairman Rogers, BRT President John Engler praised the legislation as an essential component to a more robust and responsive cybersecurity infrastructure.

“Increasingly, well-funded cyber adversaries are targeting our government as well as the U.S. business community, threatening our national and economic security,” Engler stated. “The legislation (H.R. 3523) authorizes the Director of National Intelligence to implement effective, collaborative real-time information sharing capabilities between the public and private sectors. Business Roundtable is encouraged that this approach could lead to the integration of the full resources of the U.S. government, including defense, intelligence, homeland security, diplomatic, economic and trade assets.”

In BRT’s recent policy paper, Mission Critical: A Public-Private Strategy for Effective Cybersecurity, the CEOs of America’s leading companies presented a strategy to protect U.S. economic and national security from growing global cybersecurity threats through the development of a more modern, flexible and collaborative approach to protecting America’s strategic information assets.

Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies with over $6 trillion in annual revenues and more than 14 million employees. BRT member companies comprise nearly a third of the total value of the U.S. stock market and invest more than $150 billion annually in research and development – nearly half of all private U.S. R&D spending. Our companies pay $163 billion in dividends to shareholders and generate an estimated $420 billion in sales for small and medium-sized businesses annually.

BRT companies give nearly $9 billion a year in combined charitable contributions.

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CONTACT:

Business Roundtable
Joe Crea, 202-496-3288

KEYWORDS:   United States  North America  District of Columbia

INDUSTRY KEYWORDS:   Technology  Internet  Networks  Security  Small Business  Public Policy/Government  Congressional News/Views  Homeland Security  Public Policy  Professional Services

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