"The president’s plan gives the Department of Homeland Security unfettered authority to regulate private industry," Bob Goodlatte, a Virginia Republican and chairman of a House Judiciary Committee panel on the Internet, said today at a hearing on cybersecurity. "Do the American people really want their regulatory agencies turned into quasi-fiefdoms?"
The administration’s proposal released May 12 calls for Homeland Security to work with industry to find vulnerabilities in critical infrastructure such as electrical grids and financial networks. The department would define what companies would qualify as “critical infrastructure” and therefore be subject to more oversight.
"The regulatory process is a slow one, whereas the escalating cyber...
Read more on Newsmax.com: Obama’s Cybersecurity Plan Would Burden Industry, Lawmaker Says